I'm pretty right wing and have opinions about minimum wage that a lot of other hn users would disagree with, but this article is garbage. Basically one store owner said that he can't afford to offer the new promotion because of the minimum wage and other social spendings. That is all the facts we are given. Of course another reason could be because people don't want that product, or that the store owner isn't running the store as efficiently as other nearby stores are. The article then criticises the new sugar tax because the cost of soda is higher. Of course the price of soda is higher, that is the intention.
I assume the Costco they mentioned in passing still has the nation wide 1.50 hot dog and soda deal and Costco is a lot better place for workers in terms of wages and benefits over Subway. Did the writer forget this detail or did he drop it because it didn't match his narrative?
If you’re interested in this story, Google for “Tim Horton’s minimum wage Ontario” and you’ll find plenty of similar coverage, and not just Timmies... A few weeks ago, minimum wage was CA$11.60 an hour in Ontario, it’s now $14 an hour, and will increase to $15 in 2019. But most chain stores haven’t raised prices, so you get conflict, and where there’s conflict, there’s no end to the news coverage...
Higher minimum wage, IMHO, leads to a zero sum game. Wages increase, then prices increase, returning us right back to where we started. Businesses are not going to give up profit, and I think it's basic Econ 101 that if your fixed costs rise, you increase prices, or you shut down. The minimum wage in Sydney, Australia is $17.70 per hour. This has led to an increase in everything - from food to apartments. Sure you're making $17.70 an hour, but that apartment that was previously 1,000 a month is now $2,000, so you've really gained nothing.
We made it illegal to sell something for what it's worth. What's the worst that can happen?
"The net outcome: In 2016, the 'higher' minimum wage actually lowered low-wage workers' earnings by an average of $125 a month."
No, it turned some of the low-wage workers into higher-wage workers, leaving not as many low-wage workers and therefore less total work done and money earned by low-wage workers. Which was the goal.
Now if the goal of raising the minimum wage were to ensure wages were low, you're right, it's a disaster!
> The biggest cost driver, as Jones' sign mentions, is Seattle's highest-in-the-nation minimum wage. It went from $9.47 to $11 per hour in 2015, then to $13 per hour in 2016, with a further increase to $15 per hour planned.
Good thing businesses just got a big tax cut which will help offset those wage increases. Some companies even voluntarily raised their minimum hourly wage to $15 as a result of it.
I lived in LA several years ago and there were quite a few places that did not honor the same pricing as the rest of the national chain including Subway so I think there’s more than a minimum wage impact.
The real "minimum wage" is actually "zero."
Tl;dr: Seattle firms need to pay employees decently which is bad for hungry right-wing journalist's wallet.
(Edit: my argument is not that this is somehow a bad thing to write, but that it's an opinion piece disguised as neutral reporting)
My god, well stop the presses. One Subway stopped serving foot long sandwiches for 5 dollars.
Well, this is the last straw. Socialism has officially ruined this country.