Uh, somehow the word "transitory" wasn't used here:
Deutsche Bank issues dire economic warning for America
If the U.S. economy descends into an inflation spiral like that experienced after World War II, we could be on the brink of excruciating economic pain.
thehill.com
Physicians are not economists.
Economists are not physicians.
Therefore you're never going to get an accurate answer to "How can we provide the same level of healthcare we have now under a single payer system?"
Instead they do stuff like shorten the hours they're open.Raising the wage on restaurant workers has a very small impact in overall costs for the products.
The $15 minimum wage was supposed to hurt New York City restaurants — but both revenue and employment are up
Prices are up, but that hasn’t stopped people from eating out.www.marketwatch.com
By Lina Moe, James Parrott, and Yannet Lathrop
"This is the first assessment of restaurant employment and earnings over the entire period of New York City’s historic minimum wage increases, 2013-18. Contrary to fears of massive job losses, $20 Big Macs, and shuttered restaurants, we found a thriving industry.
The New York State minimum wage rose in phases from $7.25 an hour at the end of 2013 to $13.50 during 2018. During this period, New York City has seen a strong economic expansion of the restaurant industry, outpacing national growth in employment, annual wages, and the number of both limited- and full-service restaurant establishments. The restaurant industry has the highest proportion of workers affected by the minimum wage of any major industry.
Compared to 12 large cities around the country that did not have any minimum wage increases from 2013-18, New York City’s restaurants generally have seen stronger job growth. New York City’s experience is consistent with the latest research focusing on the food services industry in large cities where there have been large minimum wage increases—no negative employment effects and sizable average wage gains for restaurant workers.
This report does not suggest that New York City’s sharp minimum wage increase caused restaurant employment to soar—the more rapid restaurant employment gains likely are due to the city’s faster private job growth. But the research presented here clearly shows that the large wage floor rise did not diminish various indicators of restaurant performance, including job growth.
New York’s rising minimum wage has tremendously benefitted low-wage workers, including those in both the full-service and limited-service categories. New York City workers in the lowest-paid three deciles of the wage distribution had inflation-adjusted wage gains of 8.5 to 15 percent since 2013 (the largest wage gains for these workers in the last 50 years). Wage gains among restaurant workers have been even stronger, with 2013-18 real wage increases averaging 15-23 percent for full-service and 26-30 percent for limited-service restaurant workers. "
-Source: http://www.centernyc.org/new-york-citys-15-minimum-wage
Some restaurants here only staying open 3 hours in the evening at this point.
Amazon. I did, and live all the better for it.
