tag:blogger.com,1999:blog-6165084037963573266.post773017993218746323..comments2023-07-22T15:44:48.232-04:00Comments on Hemiposterical: CEO in favor of government penalising his competitorsHopperhttp://www.blogger.com/profile/13548829473468337487noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6165084037963573266.post-29922842384699946172013-03-22T09:55:06.583-04:002013-03-22T09:55:06.583-04:00Hmm, that's an interesting point - what's ...Hmm, that's an interesting point - what's the scope of state/city MW? Is everyone covered? Looks like it varies quite a bit by state. According to wikipedia: "In addition, some counties and/or cities within states may observe a higher minimum wage than the rest of the state in which they are located; sometimes this higher wage will apply only to businesses that are under contract to the local government itself, while in other cases the higher minimum will be enforced across the board."<br /><br />Hopperhttps://www.blogger.com/profile/13548829473468337487noreply@blogger.comtag:blogger.com,1999:blog-6165084037963573266.post-503882957825486932013-03-22T00:24:45.215-04:002013-03-22T00:24:45.215-04:00One presumes the feds think it's good national...One presumes the feds think it's good national policy. But regardless, without federal regulation, as you point out, there would be a gap for interstate commerce. It seems less like a "they know better" than like a different thing being regulated than what is left to the states to regulate. Do I misunderstand?<br /><br />Big chains having to pay employees a little more: http://d22zlbw5ff7yk5.cloudfront.net/images/cm-33295-050b6a2fac6da9.gifGregory Martonhttps://www.blogger.com/profile/07972033061062689944noreply@blogger.comtag:blogger.com,1999:blog-6165084037963573266.post-83194939086356882222013-03-21T23:36:04.750-04:002013-03-21T23:36:04.750-04:00Mom and pop shops should be safe from the FMW as f...Mom and pop shops should be safe from the FMW as far as I can tell, but it's not them that Starbucks is worrying about - it'll be the next tier down of coffee/snack chains. Heck, McD's coffee isn't actually all that bad (it's the only McD product I'm willing to consume) and I'd bet McD's gets hit a lot harder than Starbucks by this.<br />I understand the arguments in favour of minimum wages, even if I'm not convinced by all of them, but is there any reason that the Federal government shouldn't leave it to the states and the cities to set their own minimum wage and be held accountable for its economic success of failure? Why should we believe that the Feds know better than everyone else, particularly as they're isolated from the negative effects of the wage?Hopperhttps://www.blogger.com/profile/13548829473468337487noreply@blogger.comtag:blogger.com,1999:blog-6165084037963573266.post-26913714730746079762013-03-21T18:50:20.391-04:002013-03-21T18:50:20.391-04:00Given that most mom and pop shops don't sell a...Given that most mom and pop shops don't sell across state lines, how is the federal minimum wage hike then going to affect them and kill Starbucks' competitors' business? <br /><br />If we're to take as given the idea that a minimum wage is sensible at all, then it makes sense to tie it to inflation. The minimum hasn't risen in long enough that it should be $9 if it's to be at a similar level to when it was established: <br />http://www.bloomberg.com/news/2011-12-28/minimum-wage-in-u-s-fails-to-beat-inflation-chart-of-the-day.html<br /><br />In that context, it's easy to see that a modestly higher minimum wage doesn't have serious negative impact on the economy, or else it would have had that impact historically when the minimum wage was effectively higher than it is today. <br /><br />Fear, Uncertainty, and Doubt, are what Herman Cain is engaging in. Our industry has a long and disgusting history of it. Let's not employ it here? We have data.Gregory Martonhttps://www.blogger.com/profile/07972033061062689944noreply@blogger.com