I find this Ironic. Some people are crying that there will be job losses because minimum wage earners are getting a wage increase, yet there are only crickets when it comes to Tariffs.
If a wage increase accounts for job losses than how many jobs will be lost because of the tariffs? It has to be a lot more right? I mean Tariffs do not only hurt California they hurt the whole country. So why isn’t Fox talking about that?
Put your “JC” hat on. You want protection from competition, so you don’t “see” the downside of tariffs, but you don’t want to be “burdened” by paying your own employees anything, so an increase in minimum wage is all downside.
I do not believe that. Everyone can “see” the downside of tariffs, some might not care because their upside is bigger, but that is a minority of people.
Did you see Farley howling about the tariffs? He cried he wanted Japanese and Korean cars tariffed out of the US, not his Mexican cars.
…because Farley wants protection from competition, but doesn’t want to pay anything himself.
The impact of the tariffs, which Trump delayed for a month last week, would be “devastating” for American automakers, Farley said on Tuesday. They would also provide a “windfall” to Asian and European rivals that wouldn’t face similar levies on cars they import from their home regions, he said at a Wolfe Research automotive conference in New York.
Meanwhile, Ford is not only NOT moving production to the US, as the POTUS wants, but actually cutting production in the US.
You just proved my point. He is mad about tariffs because Europe and Japan are tariffed at a lower rate than Mexico and Canada. Now his supply chain is all messed up. He better watch out, Trump might decide to tariff Michigan at 30% if he keeps squawking.
So that is a reason not to talk about Tariffs, but it is a reason to talk about the minimum wage increase? By your logic, they shouldn’t be talking about either. Because both the Tariffs and the minimum wage were increased at the same time. So tell me, why only the minimum wage increase? Sounds like an agenda to me.
Let me be more specific. The reason not to talk about tariffs increasing unemployment is because unemployment hasn’t increased.
You’re probably old enough to know that everyone has ‘an agenda’. Kind of like what Charles de Gaulle (or was it Henry John Temple?) said about countries – “No nation has friends, only interests.”
The often stated objective of the tariffs is to push companies to move production back to the US. Farley, alone, among the big three has done zero to move production back to the US. In fact, Farley is cutting production in the US and laying thousands of USians off, for the better part of a year, at least. I get very suspicious when corporate starts talking shutdown, without any clear roadmap for what comes next.
Because unemployment did increase in that industry in the state for the eight months after the bill went into effect. There was a 3.2% decline in employment for that sector compared to fast-food sectors in other parts of the country.
Ahh, so we are not going to talk about the Tourism sector, just a specific sector that meets one criterion. But guess what? When Tourism is down, it affects all the other sectors also.
California is experiencing a decline in tourism, particularly in international visitation, for the first time since the pandemic. This downturn is projected to be a 0.7% decrease in overall visitation, driven by a significant 9.2% decline in international visitors
So how are we going to say that the minimum wage increase was the reason for unemployment on fast food. Because after all, Vegas did not increase minimum wage, but they are having the same down turn.
That was the industry (fast food) that the $20 minimum wage was specifically targeted. The increase didn’t apply to tourism workers (or street cleaners or garden center employees). It was what economists call a natural experiment.
** A study from the University of California Berkeley’s Institute for Research on Labor and Employment found that a California state law raised the minimum wage for fast food workers did not lead to large job loses or price hikes.**
LMAO…of course not. The count down for the remaining stock in the warehouses is ongoing before the next wave of imports is loaded up in tariff costs. It will get harder to do business. Then unemployment will rise.