{"id":23998,"date":"2006-12-18T01:01:01","date_gmt":"2011-05-19T06:15:22","guid":{"rendered":""},"modified":"2011-05-19T06:15:22","modified_gmt":"2011-05-19T06:15:22","slug":"minimum_wage_hike_leads_to_high_prices","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2006\/12\/18\/minimum_wage_hike_leads_to_high_prices\/","title":{"rendered":"Minimum Wage Hike Leads To High Prices"},"content":{"rendered":"
\n

RUSH: This is a great story<\/a>: “California State Minimum Wage Increase to Drive Up Prices; California Raises Wage for First Time in Five Years.” <\/line>“Stockton – Enjoy the sales this holiday season, because starting Jan. 1, California businesses that pay minimum wages or thereabouts say they have no choice but to raise prices on everything from pepperoni pizza to dry cleaning to a sack of potting soil. For the first time in five years, California\u2019s minimum hourly wage will increase… [by] rise 75 cents an hour to $7.50, an 11.1 percent increase. ‘We have to raise prices,\u2019 East Stockton dry cleaner Nubia Vargas said. ‘My customers, I don\u2019t think they will understand. They think it\u2019s already expensive,\u2019 said Vargas, owner of Snow White Cleaners at 3408 E. Main St.”<\/line>Of course they won\u2019t understand it, Ms. Vargas. They\u2019re idiots! <\/emphasize>It\u2019s just like we had this brilliant guy call last week, “Well, they should just cut costs.” Ms. Vargas, you can\u2019t pass these price increases on; you\u2019ve got to cut costs! You have to understand that these people you\u2019re talking about who won\u2019t understand think that you are filthy rich.<\/emphasize> You are own a business, and they think that that means you have stashes and stashes of money in the back room or in the bank and that you\u2019re very cheap paying your employees but you keep a lot for yourself; you will not modernize your equipment because you want to drive around in your fancy-shmancy car and live in your mansion. <\/line>This is what people think of anybody who owns a business! <\/line>How many of you small business owners have encountered people who think <\/emphasize>that your life is one of immense wealth and leisure and that you do not pay your employees well enough and that you are hiding most of what you earn and any time some things come along that cause you to raise prices, they think you\u2019re just flitty and cheap, that you won\u2019t use those stash reserves that they know you\u2019ve got? Because of the success of class envy as a political weapon over the last 50, 60 years — I guess it\u2019s always been around terms human nature, but people who have never run a business, who have never run a payroll, who haven\u2019t the slightest idea, because they\u2019ve never been taught about it properly either invariably have this attitude that anybody who owns a business is rich, <\/emphasize>immensely so. <\/line>So here comes the minimum wage increase. When you run a business, and your labor costs in one day<\/emphasize> are going to go up 11%, uh, that\u2019s serious, <\/emphasize>because there\u2019s no other expense that outdoes labor in terms of size. It\u2019s the #1 expense that all businesses have and they have to make budget somehow. They raise prices, reduce services. What most people say is, “Just cut back the extravagance,” and most small business people say, “There isn\u2019t any extravagance!” It\u2019s a shame that there is such a misunderstanding of the whole concept of business, but people in California are about to be stunned. This story here as you will of it people are going to have to raise their prices because of this, just exactly as I told you last week. <\/line><\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: This is a great story: “California State Minimum Wage Increase to Drive Up Prices; California Raises Wage for First Time in Five Years.” “Stockton – Enjoy the sales this holiday season, because starting Jan. 1, California businesses that pay minimum wages or thereabouts say they have no choice but to raise prices on everything […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nMinimum Wage Hike Leads To High Prices - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2006\/12\/18\/minimum_wage_hike_leads_to_high_prices\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Minimum Wage Hike Leads To High Prices - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This is a great story: “California State Minimum Wage Increase to Drive Up Prices; 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