The side that names a number first loses. It is that simple.
Research into the cognitive bias of Anchoring implies that it might be a good idea to be the first side that names a number, just make sure your number is high enough to move their perception of the value of the job without pricing yourself out of their budget.
Goods and services do not have an intrinsic value; their value is determined by scarcity and demand. If dish washers are not scarce, their wages are low and they should be low. The idea that labor or products have some intrinsic, absolute value independent of scarcity or demand is common in fascist and Marxist economics, and it simply doesn't work in practice.
I agree with everything here (when I said "actual value" I meant that colloquially as value to the consumer", sorry about the ambiguity) except "...is common is fascist and Marxist economics..." It always seems to be the pro-capitalists that talk about value as independent from demand. In fact, you do it immediately in the next sentence:
the price is determined by the cost of the inputs plus the value the restaurant adds" [emphasis added]
No, the price is determined as the equilibrium between what the customers are willing to pay and what the vendor is willing to accept. The cost puts a floor on what is profitable to the vendor, but that's it.
If one of the inputs (e.g., clean dishes) becomes more expensive, then the customer will just pay for it.
This presumes that the customer is willing to pay more. The value to the customer of the end product hasn't changed so why would this be true? But, yes, if the amount that the vendor is willing to accept changes then a new equilibrium price will be found and that new price may be higher. It could also be lower (especially if the new minimum wage puts more people on the border line of willingness to pay, in this case price discrimination is the key).
Anyway, all I was pointing out is that there are situations at the minimum wage level where the value to the business of getting the job done is higher than the current cost to the business of getting that job done. While businesses may complain about it, they'll pay the higher wage for those jobs.
(Regarding substitution: I assume that most restaurants already have industrial dishwashers, but those dishwashers don't load themselves.)
(While you're at it, also explain why businesses would pay $15/h for a worker who doesn't increase revenue by significantly more than $15 for each hour he works.)
The actual situation may be the opposite of this. Businesses are paying less that $15/h for a worker whose job is worth significantly more than $15 for each hour he works. Why? Because the price (wage of the job) is based on market equilibrium, not the actual value of the end product. Take for example the job of washing dishes in a restaurant. Anybody can do the job but the job is vital to the business. The supply of labor is so high that it is a minimum wage job even though the value to the restaurant of having clean dishes is very high.
I mentioned this in another thread, but other shows like "The Flash" depicts every single fracking woman as a supersmart,[...]
Well, no. The Flash TV show has 2 women. Dr. Caitlin Snow, yes super smart but no more able than Cisco, and Iris West, normal woman reporter, not a supergenius whatsoever. The only other genius woman I recall was the bee robot girl. The female villains do not seem more powerful than the male villains.
In "The Arrow" the only supergenius woman is Felicity and she is also the only person in the world who is not a killing machine. So, your perception of those shows seems a bit off.
(Can anyone tell me what the difference between a Presbyterian and a Methodist is?)
Short, wikipedia based answer: Presbyterian's are Calvinists, while Methodists are Wesleyan-Arminianist. Calvinists believe that "sin so affects human nature that they are unable even to exercise faith in Christ by their own will." thus the only salvation is God's choice to save someone, and that this choice is predestined. Arminian's believe that God gave all men free will to choose to have faith in God and it is this act of choice that brings salvation.
In other words, you're advocating to never forgive them for their mistakes.
Sony Root Kit.
Yes, I am comparing these two things. The problem isn't that they tried a new product that failed, it is that the tried to make a change that deliberately harmed their customers.
I'm just curious what separates legal behavior from illegal behavior
If you regularly drive people places for money then you are operating a business and have to abide by business rules. If you occasionally give your friend a lift and he gives you gas money then you aren't.
It is a bit disingenuous to compare giving a lift to a friend with using Uber to find you someone willing to pay you to drive them around.
Uber pretends (or used to) to be "ride-sharing" but it isn't. Ride sharing would have people who are making trips post their trips and offer to pick people up on the way. "I'm going from the vicinity of the high school to the mall leaving between 2pm and 3pm, any riders?" If Uber was doing this, they would have an argument that they aren't a taxi service they are just selling unused seats in cars that were making the trip anyway. But that isn't what Uber is selling.
Time-sharing is the junk-mail part of the computer business. -- H.R.J. Grosch (attributed)