Fat Nick said:
This. This is what people don't realize when they make all these cries to increase minimum wage. Businesses can only support a certain level of employee costs. If you forcibly raise the cost of overall compensation to employees (via minimum wage, required benefits, etc), most companies will compensate by cutting jobs.
The end result? The folks who keep their jobs will make more, but there will be more people without jobs. Narrowing the wage gap in some ways...widening it in others.
That's great and all but has absolutely nothing to do with this particular endeavor.
As someone astutely pointed out before, waitstaff makes far less than minimum wage and rarely get health insurance. So let's not be so hasty to blame this on socialist economic policies. It's the march of efficiency that has been going on in this country since its inception.
I guess I made the mistake of tagging onto a post about Obamacare - I guess I should clarify. I could give two ##### about politics. I hate partisan politics because by design, you're either for one side or for the other. I think both sides have merit and can be right depending on the situation.
My view on this is driven more by the cause-effect impact of increasing wages (via salary AND benefits)
without increasing the value-add of the employee. I agree with your statement in bold above, so maybe it's not relevant here, but conceptually, my point is that the higher the wage of a minimum-skill level worker is pushed through policy, the more advantageous it is for businesses to look for ways to automate. Automation reduces jobs, and redistributes wages from Minimum-skilled workers to higher skilled workers (i.e. the guy who comes to install the tablet system, services the robot waiters, etc.) It's simple economics, not partisan politics.
I just get frustrated with people claiming workers are underpaid without realizing the cause-effect impact of forcing higher salaries on companies. We're trying to narrow the wage gap. Why not focus on helping workers gain marketable skills so they can JUSTIFY earning more rather than just throwing money at them "because."
That's it...I'm done ranting about minimum wage here, and sorry for aiding to the hijack.
I think tablets at the table are a good idea actually - it was only a matter of time. Me clicking a button to get a refill on a drink is a lot more efficient for both me and the server. I'll just bring some Clorox wipes with me to sanitize the thing.