$15 minimum wage putting employees out of work.
Some excerpts:
"Things started going downhill for restaurant workers in July 2015 when the New York Fast Food Wage Board recommended the nice-sounding but completely ridiculous $15 per hour minimum wage for restaurants with at least 30 locations."
"According to the New York City Hospitality Alliance’s survey, “The Rising Labor Cost,” the city has experienced the biggest drop in restaurant jobs in almost two decades.
The study revealed “76.50 percent of full service restaurant respondents reduced employee hours, and 36.30 percent eliminated jobs in 2018.” And it’s not going to get any better: “75 percent of limited service restaurant respondents report that they will reduce employee hours, and 53.10 percent will eliminate jobs in 2019 as a result of mandated wage increases that took effect on December 31, 2018.” Also, annual employment growth dropped from 6.67 percent to less than 1 percent even since the “tip wage” (the minimum amount of salary for servers who receive tips) has doubled.
Economist Mark Perry described New York as experiencing a “restaurant recession” due to the politicians meddling into the minimum salary resulting in 3,000 fewer serving jobs."
"As a former café owner, I know owners either had to increase their prices (which means they would’ve sold less food) or cut back on their staff. It shouldn’t surprise anyone that these entrepreneurs cut back on staff to stay competitive. This doesn’t take a genius to understand. Of course, not many of those go in politics, especially on the left. And clearly, not many folks who have ever run a small business go into politics either.
Interestingly, do you know who totally gets this principle? The organized labor and anti-poverty groups who push so hard for $15 an hour minimum wage frequently don’t even pay their own workers $15 per hour.
It’s not hard to understand why. Increase costs and you will decrease hiring and employment. Plus, if you raise the minimum wage, rent goes up in that community, which creates another set of problems entirely.
This, of course, doesn’t fit the Democrat narrative, so they ignore it."
https://dailycaller.com/2019/03/07/meckler-fast-food-unemployment/