Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Economist: $15 Minimum Wage Hurts Workers

% of readers think this story is Fact. Add your two cents.


It’s a classic case of good intentions gone awry says Micahel Saltsman of the $15 minimum wage hikes. The increase in the minimum wage is resulting in fewer restaurants and fewer jobs said Saltsman, who is the managing director at the Employment Policies Institute.

Labor unions and their allies are cheering the policy change, but the evidence shows unreasonable wage floors are no cause for celebration. They are, in fact, destroying restaurant scenes in some of the best-known dining towns from coast to coast.

Just this week in Sacramento, popular Greek restaurant Opa! Opa! announced it would close its doors after 14 years in business, citing the city’s rapidly-rising minimum wage as the determining factor. More than a dozen employees will lose jobs right before Christmas, according to a report by Fox Business. The owner explained that prices were up 53 percent since he opened his door, and all it did was reduce his customer counts.

“Payroll Tsunami”: Small Businesses Layoff Workers To Comply With Minimum Wage Law

In New York City, Larry Georgeton, the former owner of the now-closed Del Rio Diner in Brooklyn, was frank: “The [$15] minimum wage, that’s what broke the camel’s back. It killed us.” He explained that his working-class clientele could not shoulder the price hikes necessary to offset the minimum wage increase, so he was forced to close down the business.

And are far from isolated events. In fact, restaurant closures are outpacing openings by a wide margin, while in some areas, like San Francisco, the city’s hostile business environment has small businesses “at a breaking point.” Golden Gate Restaurant Association member Laurie Thomas points to data from YELP that shows “restaurant closures [in the city] have begun to outpace openings by nine percent.” One business owner was blunt: “Just opening or trying to adapt your business [in San Francisco] … it puts the Soviet Union to shame.”

If restaurants can raise prices enough to stay open, they have to also trim costs, and that means laying off workers.

Socialist Bernie Sanders SCHOOLED By A Quick Lesson On Minimum Wage

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.



Source: https://www.shtfplan.com/headline-news/economist-15-minimum-wage-hurts-workers_11212019
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.

Order by Phone at 888-809-8385 or online at www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)


FINAL WARNING!  Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!  APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  


APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.


Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.



Report abuse
Loading...
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Loading...
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.