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This is going to back fire on him and this is why.
He is adding 35c to each meal tab regardless of how much service the patron used.
Buffets don't take into account how much someone eats.

This is going to back fire on him and this is why.
He is adding 35c to each meal tab regardless of how much service the patron used.

It's surprising though how many people don't realize that. Yesterday morning, a caller on C-Span's Washington Journal was all upset about gas taxes in that she thought they should be spread around to everyone; not just to drivers. Her argument was that everyone benefited from roads, so they should be taxed too. She didn't seem to realize that businesses passed on all those fees to the consumer when they purchased products.

One thing for certain, (If my figures are correct.) is that if you not getting the power of $45.90 out of your minimum wage the power you've lost has been transferred to someone else since the sixties.
Even if my figures are off some they are closer to any others I've heard tell of. It's the only way the devaluation of the dollar adds up.
They've been allowed to counterfeit their way to power.
^^^click here for an alternate reality.
mad cow has it 100% right.
It seems high as well to me. I'm hung up on how much the devaluation of the dollar shows in Robert Sahr's chart below AND the way it is backed up by the rising Dow Jones Industrial average. The money is in play somewhere out there and we really need to watch out. I'm thinking we are being took like never before in the history of man kind.
I think part of the problem of trying to track such things is getting a big picture of just how much the counterfeiters are are making off with.
While you have us looking at our little lives and little bills they seem to me to be able to manipulate the appearance of our economy remaining somewhat stable.
At the same time their economy is raping and pillaging behind the scenes.
While we are watching out for the tiny pile of stuff in our personal control much of the rest of our wealth that was once held in trust for all of us is finding the way into the other economies pile of things.
How do you figure the value of your cash when the counterfeiting allows its value to be manipulated so easily? While you and your friends may decide to do something with your money for your mutual benefit there are others that can print up what ever it takes to get their way. It might not be so easy to see just how much value you lost but as long as others can fire up the fake money presses the value of your money will be worth less.
We are working our way down the road of life and by the time we get where we are going we are finding the destination has been bought out from under us. How do you put a price on being looted on the road for a lifetime?
Anyway $45.90 might seem high but my figures show that's an honest minimum wage if the wages of the sixties ever were. That is the power a man should be receiving if he gave up the occupation he's worked a lifetime learning and packed it up to try something as starting wage in a new field.
Anyway that is certainly the power we've lost over the years.
More power to the restaurant owner doing what he wanted in the original post. It is such a tiny gesture in the big scheme of things.
I noticed the prices at a barbecue place I go to went up. I ask the guy if the workers were getting anything out of it. Once he figured out what I was talking about he perked up and said, "Actually we do!".
Seemed like a good thing to me. Maybe someday I'll get off my ass and do something about pulling myself up a little.
Or just say Phuckit.
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I'm generally in agreement with you, but I still think that $45 or so is high. I think min wage needs to be raised, I think it should track inflation, whatever number is used. It hasn't been doing that.
Things are awful and getting worse, and Phuckit, or something along those lines, is the most reasonable alternative.
I think min wage needs to be raised, I think it should track inflation, whatever number is used.
The above chart tracks from 1978 to 2012. The minimum wage was $2.65 in 1978. So, the minimum wage has gone up approx 3x in that period.
College educations went up 12x in that period. So, clearly some things are getting much less affordable for minimum wage workers.
Lol. Stafford loans account for the tuition surge, medicaid/medicare for the medical cost surge.
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Economics in One Lesson is available at an inflation-adjusted price of FREE.
https://mises.org/books/economics_in_one_lesson_hazlitt.pdf
See Chapter 18 on Minimum Wage Laws.
PS: This would have been a link to FEE but those idiots want Facebook promoted instead of their own brand. Fuck 'em.
The minimum wage is the safety net for decent Americans who might be lazy or stupid or persecuted by the Government.
I don't need anybody to tell me that if you raise the cost of labor, prices should (in a free market where we don't live and never lived) rise, which would (in fictional free market land) cause demand to fall, which would cause workers to be fired or their hours cut. Is that the brilliant insight you were planning on telling me. Before I graduated from law school, I was an Econ major. We didn't cover the Austrians much if at all.
If you're going to make arguments including supply and demand curves, and relying on the internal coherence of the free market, you really have to make sure that all of the assumptions are in the real world true. They aren't true, none of them are.
I don't think minimum wage workers should be getting the shaft.
On behalf of the 1%, allow me to thank you for reinforcing the mythos of the so-called "useful idiot". You help make it a lot harder for people to compete with established businesses.
Yes, I agree this is not a free market. That is not an argument to keep it that way which is EXACTLY what you are promoting in your post. It is not my business you will hurt. The minimum wage sets a minimum level of productivity below which the usefull idiots cannot be legally employed. Typically, you must produce a multiple of your compensation to be worthwhile (e.g., 1.5 to 5 times your hourly rate). It is not my job to teach you this or to hold your hand until you become a profitable employee.
What I need to tell you is that you are promoting statism and encouraging more people to work in the grey and black markets which will only increase tax burdens on those who remain legit. Thankfully, I don't compete with lawn care, babysitters, housekeeping, or drug dealers.
What is the specific order for freedom to be restored to prevent you from promoting more statism? What steps must be taken before ending the drug war? Who must we bribe to end social security? How many years do we have to suffer to ease you off the teat of Obama(care)? You want to bitch that we need a minimum wage because we don't live in a free market. When people like you promote the minimum wage, it makes it very hard to take steps in that direction. EVERY single program will have millions just like you defending how their bread gets buttered. Thank goodness we have you to navigate us safely from the backwaters of servitude. We wouldn't want to be too free too fast.
I did no such thing. This is about freedom. You're the one throwing out razzle dazzle to convince a hostile crowd we need government to protect our miminum wage. That thing a trifling small percent of Americans get:
http://thefederalist.com/2014/01/28...got-to-mention-during-the-state-of-the-union/
"1) Only 1 Percent Of The U.S. Labor Force Earns The Minimum Wage"
People at the margin are exactly who you are fucking with. Hard. Someone getting $20/hr may get scaled back and find employment at $15/hr. The guy at $10/hr has no opportunities at $5/hr. His job is offshored or automated or just not done anymore. You specifically are messing with these people.
If you want to do the wrong thing, just promote a CD and be done with it. What is it with illiberal progressives like yourself fixated on the notion of employer as god? Instead of merely conducting business with people as honest agents, you expect the mythical employer-kings to take full care of the employee, their family, their healthcare, retirement, etc. I get that you have needs and go after the deepest pockets you see, however, it keeps your type down.
Are you arguing with me, as if I disagree with you? Housing prices too, they've outpaced food price inflation / CPI, due to government policies. Do you have a point?
Or does everyone just have a package of ideas they share with others, and they assume that the ideas of others also fit into nice packages so that every conversation can pretty much go the same way.
My point was just that if the min wage only goes up 300% in 35 or so years, and college education goes up 1200%, it's much harder to pay for a college education today for minimum wage workers.
You live in fantasy land. We've had the minimum wage since the 1930s. It serves a useful function. It wouldn't be needed if the Government didn't take half our money. But they do take half our money. That means the free market is broken.
I notice that you refuse to understand the critical importance of the Government taking half our money.
Your arguments are based on living in a world where the Government doesn't take our money.
I want the government to stop taking our money. They aren't. If there isn't a minimum wage, labor prices will fall dramatically, and that will make more people more poor. And that's a bad answer.
Until the government stops taking our money, we need to keep the minimum wage, and the minimum wage should keep pace with inflation.
I want less government spending. You don't seem to care about that.
You just think that the poor people aren't poor enough. And your attitudes are what keep people from liking libertarians. Because you're too stupid to understand that the minimum wage is a necessary government solution to a government caused problem.
I'd like tariffs again. It's hard to compete with Chinese slaves and we shouldn't have to.
...
I want massive cuts in Government spending, I want fewer laws, I'm not a statist [YES YOU ARE YOU! YOU WANT STATE FORCE TO MANDATE UNEMPLOYMENT FOR THE LEAST 10-20% PRODUCTIVE AMERICANS!] , but I don't want working people to have to compete on wages with the Chinese [DON'T WORRY THE POOR AMERICANS ARE ON THE COUCH NOT COMPETING EXACTLY AS YOUR MASTERS HAVE DECREED!]
WANT TO STAB THE POOR AND HELP THE LABOR UNIONS
LewRockwell.com ANTI-STATE•ANTI-WAR•PRO-MARKET
The Minimum Wage Law
By Walter E. Block
January 17, 2014
The minimum wage on its face is an unemployment law, not an employment law. It does not compel anyone to hire anyone else. It only stipulates who CANNOT legally be employed: no one may be hired for less than the amount stipulated by law. If the minimum wage law is set at $10 per hour, the law does not require any employer to hire any employee at that wage level. It only FORBIDS employment contracts set at $9.99 or below. This is not a matter of empirical evidence, not that there can be any such thing in proper, e.g., Austrian economics; this conclusion is a matter of pure logic. We repeat: the minimum wage on its face is an unemployment law, not an employment law.
www.lewrockwell.com/2014/01/walter-e-block/want-to-stab-the-poor-and-help-labor-unions/