Wednesday, October 02, 2019

That $15 Minimum Wage

One of the dearest dreams of the socialists is to increase the minimum wage to $15 per hour.  Like most socialist dreams, it's proving disastrous.
Gabriela’s isn’t alone. In a survey of 324 full-service restaurants, the New York City Hospitality Alliance found that 76.5 percent of respondents cut staff hours and 36.3 percent eliminated jobs, including whole layers of middle management, in response to mandated wage increases.
You can read the whole thing at the link, but wage controls cost everyone money, not just the management.  People lose jobs, businesses close, and cities lose tax revenue.  The newly jobless are a burden on programs already stretched thin.

1 comment:

Old NFO said...

And a lot of restaurants are closing everywhere the $15 minimum is going into effect. SFO, Seattle, LA and others...