easyt65
Diamond Member
- Aug 4, 2015
- 90,307
- 61,193
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PROVEN WRONG AGAIN
Not just Seattle. NYC feeling the heat from minimum wage hikes - Hot Air
"Seattle, however, isn’t the only place this effect is being seen. The minimum wage has been jumping upward in New York City also and similar effects are being felt. Nowhere is this more true than in the restaurant business, traditionally a market segment where people with minimal education and experience can get an entry level job. But now that’s beginning to change.
The New York restaurant industry is slowing down, adding fewer jobs and shedding eateries amidst recent hikes in the minimum wage.
The Empire State lost 1,000 restaurants last year and the number of jobs as cooks, servers and dishwashers grew by an anemic 1.4 percent. That’s a far cry from the 4.4 percent annual growth the state’s eateries enjoyed from 2010 to 2015, according to the Employment Policies Institute, a nonprofit research group.
The Big Apple accounts for the lion’s share of the state’s growth — and the slowdowns in the city are more dramatic.
Employment growth at fast-food restaurants in the city — which are required to pay $12 an hour, or $1 more than other employers — shriveled to 3.4 percent last year compared with 7 percent growth from 2010 to 2015. The spiral has continued into 2017, which has generated just 2 percent growth through May."
Liberals love to argue with Conservatives, arguing against the negative effects of artificially manipulated, forced increases in minimum wage. They can't, however, argue with the facts and statistics.
"Restaurant owners are reporting that, in order to remain profitable they’ve had to cut their staffing by up to 10% and reduce hours for the workers. They’ve also raised their prices to accommodate the surge in labor costs. This means fewer customers, particularly in an area where they have so many options.
Remind me again who the Fight For 15 was supposed to help? Because it certainly doesn’t sound like it’s doing the lower skill workers any favors."
Not just Seattle. NYC feeling the heat from minimum wage hikes - Hot Air
"Seattle, however, isn’t the only place this effect is being seen. The minimum wage has been jumping upward in New York City also and similar effects are being felt. Nowhere is this more true than in the restaurant business, traditionally a market segment where people with minimal education and experience can get an entry level job. But now that’s beginning to change.
The New York restaurant industry is slowing down, adding fewer jobs and shedding eateries amidst recent hikes in the minimum wage.
The Empire State lost 1,000 restaurants last year and the number of jobs as cooks, servers and dishwashers grew by an anemic 1.4 percent. That’s a far cry from the 4.4 percent annual growth the state’s eateries enjoyed from 2010 to 2015, according to the Employment Policies Institute, a nonprofit research group.
The Big Apple accounts for the lion’s share of the state’s growth — and the slowdowns in the city are more dramatic.
Employment growth at fast-food restaurants in the city — which are required to pay $12 an hour, or $1 more than other employers — shriveled to 3.4 percent last year compared with 7 percent growth from 2010 to 2015. The spiral has continued into 2017, which has generated just 2 percent growth through May."
Liberals love to argue with Conservatives, arguing against the negative effects of artificially manipulated, forced increases in minimum wage. They can't, however, argue with the facts and statistics.
"Restaurant owners are reporting that, in order to remain profitable they’ve had to cut their staffing by up to 10% and reduce hours for the workers. They’ve also raised their prices to accommodate the surge in labor costs. This means fewer customers, particularly in an area where they have so many options.
Remind me again who the Fight For 15 was supposed to help? Because it certainly doesn’t sound like it’s doing the lower skill workers any favors."