The direct result of the NDP's $15 minimum wage proposal

[The Green Barbarian]

CEO pay and/or shareholder dividends should be in direct proportion with employee wages.

Why? I realize this is a great mantra right out of Das Kapital, but do you actually have any real world experience or understanding of business ratios and how these things work? Do you realize that labour costs are usually the highest costs of any company? If you truly wished for such ratios to exist, wages might/probably would go down, rather than up? Kind of like implementing a 50/50 split between males and females in your cabinet, and realizing that you rejected a bunch of great women candidates in the name of political correctness. Mantras don't work in the real world. Only real world solutions work in the real world. And in this case, the problem is imaginary.

[goalie]

Why would an other pizzeria open if it can't sustain 15$ wages?

Link?

https://ianspizza.com/seattle/

[goalie]

I'm sure the worker will have a lot of trouble walking across the street and being hired at the next fast food place that can afford to pay $15.

These places are already calling people in for 2 hour shifts. How exactly can hours be cut more than that? Call people in for 10 minutes?

Restaurant CEO, who has actually experience and knowledge in the restaurant industry, says restaurants can't afford to hire people at $15 an hour.

NDP thinks there's another job at a restaurant for $15 an hour, right across the street.

Reasonable people can see the disconnect between pie in the sky and reality.

Actually no need to cross the street. There is a job in the exact same location.

[Rwede]

CEO pay and/or shareholder dividends should be in direct proportion with employee wages.

Most companies don't pay dividends to shareholders.

Lots of CEOs and shareholders get zilch, nada, nothing.

Under your plan, so would employees.

Is that what you want?

[Rwede]

Actually no need to cross the street. There is a job in the exact same location.

A job at a company that is under the 6 year phase-in legislation that doesn't have to pay $15 an hour because they aren't a franchise.

You see, the devil is always in the details. Details that the NDP and its supporters haven't bothered to consider.

[goalie]

They are a franchise but you're right it looks like they won't have to pay 15 until 2019. http://murray.seattle.gov/minimumwage/

Right now they are paying 13.
Z shut down when the wage was 11.

[The Green Barbarian]

They are a franchise but you're right it looks like they won't have to pay 15 until 2019. .

hopefully by then Amazon will be able to deliver pizza via drone from outside the $15 wage zone so the people in downtown Seattle can still get food.

[Urbane]

Christy Clark met with all the union leaders in her office, except for the BCTF president at the time who refused to attend, and she talked about the need to raise the minimum wage. And she and her government have been doing just that. She said that while it was important to raise the minimum wage it was also important not to do it too quickly so as to create unemployment.

I certainly got the impression that the union leaders in attendance understood what she was saying. I realize they'll keep advocating for the $15 minimum wage but deep down they get it. Good on Christy Clark for saying what she did with them in attendance. Raise the minimum wage but do it in a responsible way that won't be counterproductive.

[JollyGreenBully]

Restaurant CEO, who has actually experience and knowledge in the restaurant industry, says restaurants can't afford to hire people at $15 an hour.

So you're saying every restaurant in Seattle and BC as well (if min wage goes to $15) is going to close because they can't afford it? There simply won't be any restaurants whatsoever in an entire province and an entire state?

Can you explain what jobs will be left? If restaurants can't afford to pay $15 than neither can farms, neither can grocery stores, neither can any kind of retail store.....doctors probably can't afford to hire assistants at $15/h either, right? What about assistants to lawyers and accountants? Will all those jobs be lost as well?

So where will a bunch of people be working? Are BC and Seattle going to turn into slums where the majority of people are unemployed and homeless?

[kgcayenne]

Back in 2004-2007 when everything went nuts, employers had a hard time hiring and keepings staff.

Therefore, existing and additional staff were busier than had the company been able to hire enough employees to reach their existing ratios.

Employers, in return, enjoyed a higher than normal profit margin based on being understaffed.

Once things cooled off, did employers revert to the old ratios?

FRIG NO!

Their new normal had to be maintained.

They laid people off to match the new normal.

YOY exponential increases needed to be maintained.

YOY exponential increases in profits are unrealistic.

[Urban Cowboy]

Whoooooosh!

Right over the heads of some people who just don't see the big picture.

Why would an other pizzeria open if it can't sustain 15$ wages?

One possibility is that it could be completely family run with the members earning peanuts.

Another is that it could be an optimist who might be in for a hard lesson.

I'd also suggest we wait to see how long it actually stays open. Opening isn't the hard part, it's staying open.

[Even Steven]

CEO pay and/or shareholder dividends should be in direct proportion with employee wages.

Why?

The responsibilities of CEOs and employees are not proportionate.

The risk shareholders are taking and employees are not proportionate.

Employees get paid no matter what, shareholders only get paid when there's profit.

Why pay should be proportionate?

[Urban Cowboy]

CEO pay and/or shareholder dividends should be in direct proportion with employee wages.

Why?

The responsibilities of CEOs and employees are not proportionate.

The risk shareholders are taking and employees are not proportionate.

Employees get paid no matter what, shareholders only get paid when there's profit.

Why pay should be proportionate?

Good question indeed.

This is union brass mentality, no risk but equal reward, only when the books are showing positive results of course. You'll never see them offer to chip in when the books are flowing red though.

Perhaps a more fitting phrase would be "No Risk, All Reward".

[The Green Barbarian]

Why pay should be proportionate?

Because it makes for a good mantra/sound-bite, and that's what the left is all about - useless mantras emanating from a failed ideology.

[JollyGreenBully]

^Pretty sure it's the right-leaning people here making useless sound-bytes about how every restaurant in BC is going to close if minimum wage goes up a few dollars. According to people on here, restaurants won't exist and drones will have to be used to deliver food. Great sound-byte, but completely ridiculous.