Raising minimum wage is a BAD idea

Seattle is the first major city to raise minimum wage to $15 per hour. Why unskilled workers should be earning that kind of money is beyond me.

Minimum Wage comparison

In Seattle, the increase has already resulted in the loss of 12 minimum wage jobs, plus the loss of livelihood for the local, female owner.

She has tried to make the higher cost of labor work. “I’ve let one person go since April 1, I’ve cut hours since April 1, I’ve taken them myself because I don’t pay myself. I’ve also raised my prices a little bit.”

It’s not working. You just cannot run a business at a loss month after month, so the neighborhood will soon be missing its pizzeria and 13 people will be looking for work in an already depressed job market.

If raising minimum wage is allegedly about compassion, then where’s the compassion for these people? Not to mention that we knew it would happen.

Minimum wage jobs loss

Note: If you’ve encountered claims that minimum wage hikes are neutral or good for the economy, please read the Forbes article below.  It goes over the research and exposes the debunked studies these claims are based on.

Source:

2 Comments

Filed under Minimum Wage

2 responses to “Raising minimum wage is a BAD idea

  1. Well, well, well…. who could have seen THAT coming? What a surprise.

    In any situation other than wages, everyone — even Democrats! — knows that raising the price of something will lessen the demand for it. Why else would they be always agitating for higher taxes on cigarets to discourage smoking? But start talking about wages, and suddenly cost is immaterial. Raising wages won’t cost jobs! In fact there will be MORE jobs! Every time I hear a leftist make this claim (which is often) I just hang my head in despair. People like this are the reason shampoo bottles have to have instructions on them.

    The same clowns who keep telling us that you can’t legislate morality remain firmly convinced that you CAN legislate prosperity. Why did God give these people brains if they’re never going to use them?

    Liked by 1 person