California: $15 minimum wage, $30 pizza, Massive fail
Yeah, I’d say that about sums this story up. Magic Pony Economics (MPE) in real life.
It is admirable that this business owner wants to pay his people more. I respect that deeply. He didn’t even have to, yet. But the reality is that a minimum wage which is mandated (as it soon will be in Cali) which is far out of line with what the market will pay for a wage only results in disaster. One can not just wish something to be.
http://www.againstcronycapitalism.org/
Source: http://www.againstcronycapitalism.org/2015/08/california-15-minimum-wage-30-pizza-massive-fail/
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