-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I know someone who is having a total remodel job being done at their home. Non union contractor doing the job basically by himself. He was offering $30.00 an hour to high school/college students to work for him doing grunt work, carry this, hold that, pick up materials etc. Couldn’t get anybody to take his offer.
A number of young people with little experience and few skills want high paying jobs from the start. Unless you’re connected, it doesn’t work that way. They see people making good money and think it’s unfair they’re not making the same. more of the woke culture, right?
At McDonalds…..I’ll have a double cheeseburger, a small fries and a medium drink. “That will be $52.80 sir”.
The people supporting a $25 minimum wage are free to pay $52.80 for McDonalds right now, but for some reason they don’t
How’s that casino coming Lori? You do realize that nobody will be able to lift a finger building or operating that thing without bowing at the feet of SEIU? Do your investors really want to walk right into that spinning airplane propeller? Have they re-calculated the cost of dishwashers and room cleaners starting out at $25? Are they ready to emasculate their managers and business model to serve the unions instead of their investors? But I guess with a casino they can just adjust the dials on slots so nobody wins. A great way to claw back social security checks… Read more »
Just living in Chitown is a gamble!
FAILED CITY ALERT: Chicagoland Chamber Of Commerce Trashes Crooked Corrupt Union Racketeers’ Push To Enact A $25 Minimum Wage In Chicago: QUOTE — Thirty-Seven Percent Of Small Businesses Across The Nation Couldn’t Pay Their Rent In October. A $25 Minimum Wage Would Cut Chicago’s Economic Recovery Off At The Knees And Be The Nail In The Coffin For Countless Small Businesses Across Chicago Who Are Already Grappling With Inflation And Historic Labor And Supply Chain Shortages – Crain’s Chicago Business
Destructions the name of the game.
Amendment 1 hear we go
Minimum wage is, and always will be, zero. I guess SIEU just wants to make it harder for low skilled workers to get jobs and skills.
And also more money from union dues
More businesses will leave Illinois. What is destroying the quality of life in Illinois is the people of Illinois. They are their own worst enemy. The secret is to get a government job with a pension and move out of state as soon as possible once you get the pension.
$50K a year for making french fries — say goodbye to every single restaurant in Illinois — the ones that Pritzker didn’t kill off with his lockdown lunacy
We’ll still have restaurants but you’ll order your own food at a kiosk, the server will be a robot and your food will be made by a machine. There will be one security guard – a 1099 independent contractor paid less than $25.00 an hour – to watch over it all.
The restaurants with actual employees will all be high end places where the staff is probably well paid already. Small places that can’t pay for technology will disappear while mcdonalds and arbys will proliferate. Middle market restraunts that don’t adapt will disappear.
GORT would be a good robot. No thefts at that store. Klaatu Barada Nikto!
I saw my first McDonalds ordering Kiosk in France in 2016. My son said, “What is this” and I replied “This is what happens with Labor owns the government. Coming soon to the US”.
Just a comment about ordering at a kiosk. I refuse. I stand at the register and an employee will take my order. I sit down and in most McD’s they will deliver to your table. I watch kiosk users spend multiple minutes at the kiosk entering their order, punching buttons, using their credit card with more screen punching, waiting for a receipt and then standing nearby waiting and waiting and waiting. 2/3 times slower than ordering at the counter.
It wasn’t too long ago that $15 per hour would solve everything. Now SIEU is pushing for $25 per hour. Why don’t they push for $100 per hour and we’ll all be rich!
Economists agree ” there should be NO minimum wage laws ” . Let the free market work it’s magic.
Exactly — worker shortages have already made the labor market more favorable to workers — the “Invisible Hand” at work
Economics has nothing to do with it. It is all about union vermin greed. They want union dues at any cost in order to bribe their Democrat politicians and sell the soon-to-be-replaced-by-robot workers on a rock candy mountain myth.