I find it hard to believe that the higher income and payroll taxes offset the job losses. When the fast food minimum wage went up they just automated everything. Now they have one person person per shift making $22/hr instead of several people making $15/hr or whatever it used to be. There's no way payroll and income tax revenue is higher now. Are they really this retarded or is something else going on? I feel like it could be either one.
While there is a lot more going on, the people who pass laws raising wages have never actually worked minimum wage jobs so they have no idea how the system works in reality. They've never been in danger of having their job automated, or outsourced, or just downsized at all.
So to them its just a funny side effect, while they look at the increased revenue the company as a whole is making after slashing tens of thousands of jobs and consider it an overall improvement.
I find it hard to believe that the higher income and payroll taxes offset the job losses. When the fast food minimum wage went up they just automated everything. Now they have one person person per shift making $22/hr instead of several people making $15/hr or whatever it used to be. There's no way payroll and income tax revenue is higher now. Are they really this retarded or is something else going on? I feel like it could be either one.
While there is a lot more going on, the people who pass laws raising wages have never actually worked minimum wage jobs so they have no idea how the system works in reality. They've never been in danger of having their job automated, or outsourced, or just downsized at all.
So to them its just a funny side effect, while they look at the increased revenue the company as a whole is making after slashing tens of thousands of jobs and consider it an overall improvement.