waltmoreno wrote:
The issue is simple: Does a government-mandated minimum wage help or hurt the very workers and job seekers it's intended to help? Well empirical data shows conclusively that raising the minimum wage to an artificial number drives companies of businesses. So the wage should be wh**ever the market shows the worth of that employee's contribution to the company is.
Remember AOC, the former coffee shop employee who was elected to Congress, who then v**ed FOR a minimum wage of $15 New York. Shortly after that she went to the closing of the coffee shop where she used to work, to commiserate with her former fellow employees. The owner said that he had to close due to the mandatory minimum wage.
So go ask her former boss, Charles Milite, who owned The Coffee Shop diner in Union Square where AOC used to work. The Coffee Shop closed its doors after 28 years, sidelining 150 employees. New York's minimum wage law would have added $46,000 a month to his labor costs in 2019. Milite said: "I know it doesn't sound like much -- $2 an hour. But when you multiply it by 40 hours, by 130 people, it becomes a big number. It was going to increase our monthly payroll $46,000."
The unintended consequences of 'good ideas' strikes again! It's infallible!
The issue is simple: Does a government-mandated mi... (
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If a company can’t make payroll why should the rest of us end up subsidizing them?