NinjasOnGlaciers

A minimum wage of £15 would end my coffee shop, it would have to close, as would many other businesses. I’ll explain for the economically illiterate. Staff costs are currently half our costs, a £15 minimum wage is actually more than £15 an hour for the company, because you have to add: - 12.07% holiday - Sick pay - Maternity pay if and when required - National insurance - Pension contributions These costs would mean the shop loses money because remember, energy costs are up, rates are up, regulations are up. Now you can pass these costs onto the consumer - that would mean charging a lot more for coffee, people won’t pay it. The likes of Starbucks and Costa can, because they have economies of scale. The independent doesn’t. Now the little socialist will say well this is your fault, if you can’t run a business that can afford to pay its staff properly, but the little socialist has never run a business and does not understand the dynamics. Now I could pay some staff off and fill those hours myself or reduce us to one staff member during certain periods - but this proves the point that a minimum wage costs jobs. There was a time when these jobs were done by kids, perhaps on the weekend, paid a lower wage, no holiday and no silly employment rights. Perhaps they were even paid cash. The dynamic worked and small businesses like this could operate. It was also a great first job. Sadly now it isn’t worth employing entitlement youngsters at this level of pay. So alas, I don’t need the stress, the business would close, a number of jobs would be lost. Economics is about understanding these dynamics, no vibes. The cost of living is not solved through passing on inflation to the business, it is solved by ending high inflation and creating prosperity. This is what socialists don’t understand, they can’t create prosperity, they can only destroy it.

🇿🇦 South African President Cyril Ramaphosa says that the country will not abandon its DEI policies, known as “Black Economic Empowerment (BEE).” “Those who say BEE and affirmative action must stop are just dreaming,” he said. South Africa has strict laws that mandate race-based hiring practices. A new law called the Employment Equity Amendment Act sets hiring targets for 2025–2030 across 18 economic sectors. Some workforce targets aim for 90–96% of employees to come from designated groups, which include Black people, women, and people with disabilities (minimum 3%). That means that if a company has more than 5% white men, it could face penalties of up to 10% of its income.

TRANS TERROR: Transgender Minnesota Democrat Rep. Leigh Finke argues that restricting children’s access to pornography is harmful.

Republicans should thank their lucky stars that Mamdani is constitutionally disqualified from running for President.

🇲🇽👷 What Mexico's workers got since the 4th Transformation began in 2018: 📈 116% REAL WAGE increase 🚫 Outsourcing BANNED — 3M+ workers recognized 💰 Profit-sharing: 88B → 216B pesos 🏖️ Vacation days DOUBLED 📊 Pensions: 27% → 64% of salary