Victims of the $15 minimum wage

Proving again the folly of left-wing economics. When people who have never owned or run a business use legislation to dictate to busisness owners how to run their business this is the result. Even though warned of the unintended consequences the left engages in the "we're the government and we're here to help oh and vote for us" policies which end up hurting everyone including those they said they would help. As in other locations what happens here? Jobs cut, hours cut, expansions cancelled and prices go up. How will rational politicians turn it around?

Victims of the $15 minimum wage

As predicted, the $15 minimum wage is forcing city employers to cut staff, shorten or scrap shifts, hike prices, cancel expansion plans and even close locations...

...That echoes a report by the New York City Hospitality Alliance last year, after wage hikes in 2017 and 2018, “full-service restaurants recorded a 1.6 percent job loss.” That was the “first recorded annual loss in two decades,” notes the group’s executive director, Andrew Rigie.

Yes, lefty and union-backed economists released a report last week claiming a local restaurant-jobs boom. But the city’s Independent Budget Office put the 2018 drop at 6,000 jobs, or about 3.4 percent....

...Susannah Koteen, who owns the Lido Restaurant in Harlem, says she has cut back on shifts and overtime and raises her prices more frequently now. She also gave up on plans to move to a larger site.

Queens Chamber of Commerce president Thomas Grech specifically blames the $15 mandate for a spike in newly closed small businesses. Employers are “cutting their staff. They’re cutting their hours. They’re shutting down,” he says...

https://nypost.com/2019/08/11/victims-of-the-15-minimum-wage/

Like in other places where such wage increase by government fiat fails it's the workers who really suffer.

 

Sadly predictable. At some point, liberals are finally going to have to admit they aren't actually in it for the little guy anymore...

 

Victims of outsourcing are the US workers you so despise to earn a livable wage..

 

Who is? No one...Especially billionaires that produce in China, Vietnam, Taiwan and other nations to save a buck and screw the US workers....

 

How are these jobs and businesses being outsourced? Just more inane nonsensical defenses of failed liberal policy.

Try to stay on topic.

 

So they move these waiter and waitressing and retail jobs to China. Yea that makes sense.

 

And read the link, the city response is to hire some people to do "a study" on why mandated higher wages hurt employers and employees......DUH. And why didn't they do that before they decided to take over running these businesses.

 

It is on topic. When manufacturers are in other nations producing good for the US market is a form of reverse mercantilism which happens so the rich get richer and the US worker stands idle or has a job that earns less than what is necessary..Wages have been low for 25 years because of this backwards appeal to profit. The cost of existence in the last 25 years has not been stagnant like the wages and there lies the problem...It's another case of robber barons at work in the corporate world of outsourcing.

 

I am wasting my time on small minds, good day..

 

Guess everyone needs to stop buying Nikes or iPhones... etc

 

This is a "damned if you do, damned if you don't," issue.

If workers aren't making enough to cover basic housing costs and food, then they are still going to need public assistance or require multiple jobs which means kids without parenting because no one is home - they're working all the time.

And if we raise minimum wage enough to allow parents more time with their kids and to make enough not to need supplementary food stamps or health care, then employers are going to have to lay some people off.

Catch 22.

 

It was your claim not mine.

 

How does the pizza palor owner outsource his cooks and waiters to China?

Stop trying to divert the thread.

 

Read the OP and see what happens.......no job at all.

 

A waitperson earns the same wage I did as a waiter in college back in 1981 and you are going to try and tell me it will break the restaurants labor percentage because they can't afford to raise it yet prices at restaurants are not the same as in 1981.. Try ************ someone else that is as naive as you are.

 

Yet prices from the companies can rise and we should all just do with less?

 

You must be a paid shill because you act like one. You are anti labor and pro business I can tell, you enjoy seeing the poor class being exploited..

 

When will utility companies lower their cost so we don't need a raise in the minimum wage? When will manufactures learn to live on a lower wage?

 

In NYC an omelette at a hotel costs twenty five bucks and a guy making minimum makes it yet that was in 2014 when I was there..

 

Lack of rebuttal noted with the desperate attempt with the specious ad homs

 

He was getting more tips off the higher price, now if he is working at all he will be serving fewer omelets, read the OP and refute it if you can.

 

It always takes time to readjust to a higher price the automobile industry goes through it every time they jack up their prices with cheaper foriegn workers than US workers..The Mom and Pop operations suffer because the workers need more money because the corporations make it more expensive to live. If they would stop raising prices of commodities and utilities then there would be no need for raises yet that is not the case..Now we have billionaires that want to be trillionaires, why do you advocate for such accumulation of wealth in few hands and poverty for the rest?
Capitalism is a failure in this respect..

 

Read the OP and see what adjustments are being made and focus on the topic, the minimum wage and the affect it actually has when raised by government fiat.

 

It's cowardly to edit other peoples post as you just did. I gave a reasoned answer and you completely edited it out. Shame on you.

 

There was no need to post your postulations about what may happen I posted what HAS happened as predicted. Why not address the topic?

Here

Read the OP and what happens.