Don’t even have to wait to find out what that will do.
Obama’s edict raised the minimum wage for government contractors to 10.10 per hour. A busy McDonalds on government leased property just closed at Menriv in Goose Creek SC. Was also accessible to the general public. Story I heard was that other area McDs absorbed all of the employees but I doubt such a thing was possible as it was within walking distance for most dependent employees. No idea what this will do to other non government concessions on bases but I see many closing.
Employees were told a couple of weeks ago if Obama signed the increase, they would have to close. They did.
People who are on bases please let us know if any other non government concessions have closed. This could be one of the first but not the last.
Oddly enough, the sign ups for unemployment will probably go down. I guess when you control the output, you can output whatever data you like huh? Good thing we’ve turned the corner.