I would love to see the #FightFor15 supporters and other radical liberals defend this…
From Daily Caller:
Seattle, which recently passed a $15 minimum wage, has seen the loss of 700 restaurant jobs despite the rest of the state seeing huge increases, according to a Wednesday report.
In its report, the American Enterprise Institute looked at restaurant job growth in both Seattle and the rest of Washington. The state itself has gained 5,800 industry jobs since January. Seattle, however, lost 700 jobs in the same time. The state minimum wage is $9.47. Back in June Seattle passed its own minimum wage of $15 an hour. The city ordinance is designed to phase in over the course of several years. It will reach $15 an hour by 2017 for most employers.
“One likely cause of the stagnation and decline of Seattle area restaurant jobs this year is the increase in the city’s minimum wage,” the report speculated. “It looks like the Seattle minimum wage hike is getting off to a pretty bad start. Especially considering that restaurant employment in the rest of the state is booming, and nearly 6,000 more restaurant workers are employed today than in January.”
“Off to a bad start” is a nice way of saying liberals are idiots for believing this would ever work.
Seattle got the $15 minimum wage it wanted for unskilled workers, and now 700-plus are out of a job, and that is truly priceless.
You don’t have to be a Rhodes Scholar to understand that forcing companies to pay a higher minimum will cause people to lose jobs, you just need an elementary knowledge of economics.
We’ve seen it happen time and again. Wages for everyone are forced up thanks to Leftist politicians, while companies cut hours, hire less people, and go out of business.
Can’t Democrats look to Seattle as an example?
Just imagine if a $15 minimum wage took hold nationwide. It would be chaotic and the economy would crumble, but at least everyone would have 52 weeks of vacation!
Bernie Sanders or Hillary Clinton, people?