Minimum wage supporters tend to observe the direct and immediate consequences of their idea, but they do not bother to think through the indirect and longer-term consequences.
Besides boosting their incomes merely $520 a year, minimum-wage employees also have had to take on second jobs to make up for losing hours due to artificially inflated wage costs.
As a person who has made most of my life’s income from tips, I can confidently say Jane Fonda has been woefully misinformed about the effects of minimum wage hikes on servers.
Eventually, the world-renowned restaurant life in cities like New York, DC, and San Francisco will die. The only survivors will be fast-casual chains with low overhead and deep pockets.
Hiking the minimum wage so dramatically would force many restaurants to raise prices, eliminate staff, or close altogether.
This fall, ten states will likely raise their minimum wages, either due to new state labor department regulations or legislation.
Persons with disabilities lead much more difficult lives than most of us, and attempting to legislate them into wage equality will only make life more difficult.
Laws can demand doubling the pay for low-skilled workers, but there’s no way to mandate how businesses will deal with unsustainable labor costs.
It matters if the worker isn’t helped, and is even hurt, by minimum-wage hikes. If there is credible research to support this notion, there’s reason to give your fellow Americans the benefit of the doubt.
I want higher wages for everyone, but raising the minimum wage will not do that.
Researchers discovered that a $1 increase in the minimum wage leads to approximately a 4 to 10 percent increase in the likelihood of any given restaurant folding.
Let’s set aside the fiction that the Left is only freaked about Trump. They are more freaked out that conventional conservatives will have their way.
Government policies like the minimum wage, occupational licensing, and payroll taxes limit the work opportunities available to the poor.
If you don’t want to vote for Clinton or Trump, don’t take that as an excuse to stay home on November 8. There are still important issues to weigh in on.
A $10 minimum wage is unconservative, illogical, harmful to Americans, and popular—the perfect Donald Trump platform.
Large-scale market interference risks turning some jobs into anti-productive workfare programs. What might that do for the dignity of the American worker?
The middle class has shrunk primarily because Americans have gotten richer. Unions don’t appear to have anything to do with that, or wages in general.
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