Submitted by WallStreetDoesntBet t3_xx0mfw in Futurology
Skow1379 t1_ir9l9jn wrote
Lmao they think an $11 min wage will attract people to the state. Seriously.
andricathere t1_ir9mg39 wrote
You'd have to save up for months to be able to afford to move if you were making less. And what would you get? Florida!?
MASSIVEGRUNDEL t1_ir9qotu wrote
I laughed when I realized this is in r/futurology. The future is $11/hour
Jet_Jirohai t1_ir9twf4 wrote
It's a tourism economy here in Florida. We also are starting to get pretty big with aerospace engineering companies... Either way the minimum wage isn't what's gonna attract people or turn them away here. Nor will the $15 an hour allow people to afford rent very well, if at all
I work for a small business/restaurant and the owner is FREAKING out about the wage increase. He's already raised the prices twice and far above what similar restaurants, small business or not, are charging
So you get a lot of these articles trying to plant the idea that people here don't actually want a higher minimum wage lol... I mean it's not like it passed a vote, right?! Oh wait...
cajungrimes t1_ira8whn wrote
Why do American entrepreneurs cling to the restaurant industry so much? It's so unstable and the profits are so small and the stress is as high as business ownership can get. It's a bad deal, why do people still do it?
tunaburn t1_irb5lto wrote
It's the easiest business to open. You don't need to think up anything new or have any great ideas. Just hire a cook (or in since cases cook it yourself) and you got a business.
Of course that's also why 1/3 of restaurants close down soon after opening and something like 75% fail within 10 years.
Jet_Jirohai t1_irae9wj wrote
I work at a brewery restaurant and according to the brew master that opened it with the owner(who views this as his pet project in addition to his normal career) he chose it because craft breweries showed "the biggest industry growth" at the time
Honestly a terrible reason to start a business like this. He's a white collar money guy, not a restaurant/bar guy and it shows
Icy-Web-2165 t1_ir9zxuh wrote
It’s just the cost of moving to Florida..Rent is high..That is if you can even find a rental at all with all the people moving here..So just to get that part straight we don’t have to attract people with $11 they coming all on their own by the droves fleeing California and NY..Now let me remind you what wages on those states
The minimum wage in California is currently $15.00/hour
The Minimum Wage Act (Article 19 of the New York State Labor Law) requires that all employees in New York State receive at least $14.20 an hour beginning December 31, 2022.
Jorycle t1_iraccf6 wrote
"Fleeing CA and NY" seems spinny. NY is the #1 source of people moving to Florida, but NY is actually the #1 source of people moving pretty much anywhere - including California. At the same time, NY has seen a surge of people moving to it. People just move in and out of NY a lot.
Florida's other top donors include Georgia, Pennsylvania, and Ohio before you get to CA. There's really no one fleeing anywhere.
Icy-Web-2165 t1_iras70e wrote
The point was the Minimum wage..In Ca and NY it’s already $15 an hour. So what is all the yah yah about because Florida voted to raise the wage?
Jet_Jirohai t1_ira071a wrote
That's what I was saying. With or without the minimum wage hike, we're getting people moving here in droves
Icy-Web-2165 t1_ir9z6rr wrote
No! It’s just the way they chose to write the story..I live in Florida and personally voted to raise minimum wage to $15 an hour ,ok this is just the state of Florida.. not the whole Nation so I failed to how Florida raising minimum wage to meet the rising cost of living effects the rest of the nation and their inflation ..Inflation is a given..Have you ever heard of rent going down in areas, HOA fees being lowered? Insurance? No because it only goes up and then they see no reason to lower it again because you paid it then you can pay it now..
caveyh96 t1_ira17sn wrote
They do also have low taxes as far as I know
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