Libtard economics does not work. As price increases, demand decreases. Sure greedy politicians can mandate a minimum wage of fifteen dollars an hour for flipping a burger. However they can’t force any private business to actually pay such a wage. As Walter E. Williams say, the minimum wage is zero, -+Investors Business Daily:
$15 Minimum Wage Sparks A Jobs Recession In New York
Economics 101: When Amazon pulled out of New York, the loss of 25,000 future jobs made headlines. What isn’t making headlines are the thousands of jobs being destroyed right now thanks to the city’s new $15 minimum wage.
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But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they’re doing right now in New York City.
In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show.But those massive wage hikes come at a painful cost that backers refuse to acknowledge. They kill jobs. Just like they’re doing right now in New York City.
In just the last three months of last year, 4,000 workers lost jobs at full-service restaurants, Bureau of Labor Statistics data show.
Private sector jobs are offered on the the expectation that the employer will profit from the fruits of the employees’s labors.
February 21st, 2019 at 18:07
If only it was just $15.
Add on Social Insecurity, Worker’s Comp, Heat, Light, tools, Inventory shrink, and INSURANCE and you got dam near 200 bucks for an 8 hour day.
Any way you cut it, the employee MUST generate in excess of $200 a day to keep the doors open.
NOT HAPPENIN in the world I see.