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70% Of Jobs Added In January 2016 Were Minimum Wage Waiters And Retail Workers
Zero Hedge ^
| 02/05/2016
| Tyler Durden
Posted on 02/05/2016 8:52:32 AM PST by SeekAndFind
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To: SeekAndFind
So how does one explain the snap higher in January wages?
Simple: state regulations demanding higher wages for minimum wage workers starting January 1, which as discussed previously will promptly lead to employers passing on wage hikes costs to consumers in the form of 10% higher food prices starting in NYC and soon everywhere else.
Actually, a lot of restaurants are now shutting down in these locales because the minimum wage increase has put them out of business.
To: SeekAndFind
Even that is too much for the Dhimmicraps. They’d like no jobs — EVERYONE dependent on them.
22
posted on
02/05/2016 10:31:27 AM PST
by
TBP
(0bama lies, Granny dies.)
To: SeekAndFind
...of the 151,000 jobs added in the past month, retail trade added 58,000 jobs in January, while employment in food services and drinking places, aka waiters and bartenders, rose by 47,000 in January.
In other words, 70% of the job gains in January went to minimum wage workers.
Yawn.
Been happening since the ink was drying on the NAFTA and GATT agreements.
23
posted on
02/05/2016 10:33:18 AM PST
by
Penner
Comment #24 Removed by Moderator
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