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Jet_Jirohai t1_ir9twf4 wrote

Reply to comment by Skow1379 in How Florida's increased minimum wage could impact the future workforce by WallStreetDoesntBet

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...

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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?

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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.

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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

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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.

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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.

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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?

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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

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