Posted on 10/26/2015 11:36:05 AM PDT by lbryce
As the battle over increasing the minimum wage is fought out from coast to coast, new facts dispel the myth that increasing labor costs for employers somehow results in an economic Nirvana.
When Seattle decided to pass a law sending the minimum wage up to $15 an hour, liberals ridiculed claims that paying workers a higher wage could have any negative impact on employers and the regional job market.
It appears they should have listened.
A study released Wednesday by the American Enterprise Institute said that even though the full impact of the wage increase has not yet been felt, Seattle is already losing restaurant jobs at a time when the rest of Washington is gaining them.
The report said 700 restaurant jobs have already been lost.
(Excerpt) Read more at westernjournalism.com ...
Yes. “It just wasn’t implemented correctly” will be their rallying cry to do it again, and again, and again...
And every Leftist pie in the sky idiot who lost their jobs, will vote in more Leftist idiots who will kill even more jobs.
We need to spend MORE money on this problem until it is solved.
A wage can be seen as the cost of “buying” an employee. And the higher the price of something, the lower the incentive to buy it. Because ... economics.
More people liberated from their jobs to do what they really want.
Like Communism really wasn’t given a chance. Let’s try it again.
LMAO....and you think the public is going to pay McDonald’s 20.00 for a hamburger? Just to put money in YOUR pocket? I don’t think so, should have thought about this idea before you opened your mouth and put both of your feet in!!!
It’s too bad.
The amount of tourists there is more than enough to keep young people in work at various retail and service jobs, and they could live a decent distance from the city and still have reliable transportation to work without having to own a car or pay the high rents.
Add this in with Obamacare and student loans, and these kids are screwed.
We always hope for them to experience the consequences of their policies with the underlying dream that they will actually learn from those consequences.
They, as you say, are immune from it.
It’s like New York’s gun control laws. It didn’t work because everyone else isn’t doing it. The obvious solution is for the federal government to make everyone else do it too!
They will just demand it be applied nation-wide so no business can escape. Then the job losses will be permanent when the businesses close instead of relocate.
Seattle traffic is terrible, they are reducing the number of parking spots to “encourage” folks to take mass transit. Restaurants closing should also improve congestion and Seattle’s carbon footprint.
That is exactly the dynamic that cost Bush my vote.
As governor of Texas he fixed the state education system by throwing $30 million dollars in it’s direction.
It wasn’t a matter of under funding. It was a matter of not getting the bang for the bucks already spent.
We spend twice the money per capita of other nations on education and rank somewhere around 28th in achievement.
This dynamic is something I’d love for Trump to expose and address over and over.
When the next round of fixes comes, you knew exactly what form it will be.
Bring in the robots!
The “Success” of this $15 min wage rule/law at SEATAC (the airport) was used as the justification for this.
But that is a largely CAPTIVE AUDIENCE. They couldn’t go anywhere else if they tried, because local law limits almost all commercial aircraft ops to Sea-TAC.
(Southwest once tried to move operations to Boeing Field, but never got past the legals).
In the case of Seattle, businesses do have a choice, and they are using their feet to show it, by leaving/shutting down.
This is predictable as rain, but liberals never seem to let reality get in their way.
Much like that fat drunken slob Ted Kennedy once claimed that socialism never worked because it didn’t have him to run it. This from a man who couldn’t even save a woman from drowning in his car.
Their answer to that will be that the whole state should do it. Once the whole state starts losing jobs, then their answer will be the whole country should do it. Once the country starts losing jobs, then their answer will be the whole world should do it. Once the whole world does it and starts losing jobs, their answer will be global warming caused it.
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