Comments by "whyamimrpink78" (@whyamimrpink78) on "Restaurant Bans Tips To Pay Staff $35,000 Per Year" video.
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ET_Studios So you just want to banish businesses who don't, in your eyes, make enough? You know how many businesses will go under? Do you know that is how monopolies are created? Do you know how high the unemployment rate will be? And the business's website has their prices and they are high priced items. It is $55 for a reservation.
People who earn tips typically earn more than if they were to just make a wage, especially if they work on busy nights such as weekends. Like a bartender who works on a Friday night is going to earn more than one who works during a Tuesday. In the end, like anything else in life, it requires work.
As a whole you are paid the market rate. It is up to you to find a way to make a living either by finding a way to earn more or cutting expenses. You talked about how the min. wage ensure that people are paid for work. The problem is that many people already are, or in some cases are over paid.
http://www.bls.gov/news.release/prin1.t02.htm
Look at the unit labor cost for the full service restaurant. It has gone up 3.8%. That means the price of labor is outpacing productivity. All the min. wage does is raise prices and lower hours and job opportunities for those with low skilled. And you slavery example is shallow. With slavery you are forced to work, those people can always quite their job.
There isn't a single good reason to even have a min. wage. This idea that it is needed to pay for bills and rent is flawed in that those are subjective and different to people's needs. Also, businesses are not charities, they just can't give money away. In the end you are paid your market rate, you have to find a way to make a living yourself.
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