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And maryland who also raised the minimum wage and hopeful three that can spur some national level. will will they be able to look at that and say look what it s doing for the overall economy of these areas. historically, they ve always led the way on this. so there was a decade-long period in the late 90s where the minimum wage was stuck at $5.15 an hour and dozens took steps on their own to raise the minimum wage and that spurred congress finally to raise the minimum wage and we ll see the same thing happen again. we had examples, and the state of washington had before a few months ago, the highest minimum wage in the country had over $9 an hour and california will go over $10 and san francisco will be at $10.55. the sky has not fallen in those places. massive layoffs. and you know what? we ve been here before in our history. manufacturing jobs in the 30s were like fast food jobs today. they are were low-wage jobs and ....
Higher than the minimum wage here in new york city. where the big mac is the same price, because you see san francisco has its own minimum wage on top of the federal minimum wage, and on top of california s minimum wage, which i said is higher than most states. san francisco s minimum wage is $10.55. and mcdonald s still wants to do business there. and still makes barrels and barrels of money there. for businesses across the country it would mean customers with more money in their pockets. and a whole lot of folks out there would probably need less help from government. in fact, working folks shouldn t have to wait year after year for the minimum wage to go up. while ceo pay has never been higher. that is right. increasing the minimum wage is good for business. and it always has been. ....
Expensive big macs in the country are here in new york city, right around the corner from this building where they cost $4.69. which is also what a big mac will cost you on fillmore street in san francisco. where, get this, the local minimum wage is a full $3.30 higher than the minimum wage here in new york city. where the big mac is the same price, because you see san francisco has its own minimum wage on top of the federal minimum wage, and on top of california s minimum wage, which i said is higher than most states. san francisco s minimum wage is $10.55. and mcdonald s still wants to do business there. and still makes barrels and barrelin barrels of money there. for businesses across the country it would mean customers with more money in their pockets. and a whole lot of folks out ....
That s not true in this economy. the economy we re in right now, is fundamentally a low wage economy. there are millions of shanita s around the country. and we know how to raise wages and keep business profit an at the same time. it s not something we haven t figured out. we have the tools to do this, and the social science scholarship for the last 20 years has shown that there are no negligible employment there s been this revolution that s happened in economics, where the old model just said, yeah, you raise the minimum wage and you re going to put people out of work. that s supply and demand, you put an artificial price on something, you create shortages, in this case, a shortage of labor. that was the theory, it wasn t imperically true, and we know that now. we have dozens of studies that show when you raise the minimum wage, it does not affect employment negatively, we have real world examples. the city of san francisco, the minimum wage in the city is 10.55. the sky didn t ....
Minimum wage in the city is 10.55. the sky didn t fall in san francisco the last time i checked. san francisco had more job growth than the surrounding counties that did not increase wages. convince me you re saying, hey, look, i don t pay my workers minimum wage, i pay them above. convince me you re not making this argument, just to screw your cometers. you re looking across the street, best buy moved in, they re paying minimum wage. i want them to pay more, because i pay above minimum wage. i m in an industry that all of my competitors are competing with best buy, with walmart, with people who are selling things for way cheaper than i can, and paying way less. what you get with an above minimum wage worker is a worker who s actually working for your business and for themselves. what walmart has are interchangeable pieces that they can throw away. what bothers me more about this, though, people like us are supporting those. in month month, our local state ....