Posted on 11/26/2015 7:04:08 PM PST by george76
Minimum wage effect? Seattle area restaurant jobs have fallen -900 this year vs. +6,200 food jobs in rest of state [ Full title ].
What effect will the eventual 58% increase in labor costs from $9.47 to $15 an hour have on small businesses, including Seattle area restaurants? Actually, it will be more like a 95% increase for many employers to $18.55 an hour once all costs and taxes are added. It's too soon to tell for sure, but there is already some preliminary evidence that April's minimum wage hike to $11 an hour, along with the pending increase of an additional $1-2 an hour in a little more than a month for some businesses, has started having a negative effect on restaurant jobs in the greater Seattle area.
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What makes the loss of 900 restaurant job this year especially noteworthy is that the average job gain during the January-October period over the previous five years from 2010 to 2014 was more than 3,500, and over the previous three years more than 4,100.
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One likely cause of the stagnation and decline of Seattle area restaurant jobs this year is the staggered increase in the city's minimum wage
(Excerpt) Read more at aei.org ...
This is suicide. Basic sustenance is important for survival, but restaurant food goes beyond this. Yes, restaurant food has a certain value to it, but does such an industry serve well in a diverse economy? Think about it: even entry level diesel techs make only 15, but only after going to a year of school. Restaurant workers would make 15 just for having a pulse. Every youngster would say to hell with school and go be a fry machine operator. Suicide.
Progressive socialists don’t understand economics because they’re too busy using other people’s money instead of sweating for their own.
I’d say unintended consequences, but I’m not entirely sure their city government didn’t plan it with that end-goal in mind.
Hey, wait a minute! This is not what was supposed to happen!..........I have also read that employees in Seattle want to work only half time so that they won’t lose other benefits, by virtue of making too much money to continue to qualify......
Beat me to it! :)
Are they telling us that the Laws of Economics are actually the laws of economics? Particularly that silly one about Supply and Demand.
This completely ignores the economic value of “that good feeling you get in your heart” when you knowingly pay way more for food in a restaurant than it is worth. You get that feeling because that guy at the cash register is getting paid $600 a week. That just feels so good. Worth the money.
But, despite the good feeling, you are probably not going back. There’s this restaurant just outside Seattle that you will be wanting to try out.
Don’t tell the Seattle liberals. They will just put their fingers in their ears and start repeating “la la la la la...”
On second thought...
The people in that city (of which I am a native) have gone crazy over the last 40-50 years.
This is only a surprise to anyone that has never run a business, like 95% of politicians that make these decisions.
...I’m not entirely sure their city government didn’t plan it with that end-goal in mind...
That could cause more to become government welfare dependent.
The right mimimum wage: 0.
http://www.nytimes.com/1987/01/14/opinion/the-right-minimum-wage-0.00.html
These people voted for this. They got what they wanted. Oh, well.
Seattle is a lilly white enclave. Lilly whites like to live in upscale segregated neighborhoods that most minorities can't afford to live in. Therefore we can't judge the success of the minimum wage until we know the racial composition of the people who lost their jobs and had to move away.
They rape, pillage, and plunder success, both big and small, the eager tech college graduate all the way to the successful business owner.
No matter how many jobs are lost, the people of Seattle will never figure out what happened.
Paying homage to their idol of Lenin in the park, I see.
Wow
Looks like the Slimes was reasonable not long after I was born. Though when I was a kid, I only ever picked up a paper to see the funnies.
How many restaurants have gone out of business?
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