Well?
SNIP:
Spilling the truth on the fight for a $15 minimum wage
By Post Editorial Board
May 25, 2015 | 5:22pm
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Protesters call for a $15-hour minimum wage in Times Square in April 2015.Photo: AP
Did The New York Times just inadvertently tell us what the real goal of the raise-the-minimum-wage campaign is?
A Times editorial last week
cheered Los Angeles’ enactment of a $15-an-hour minimum wage— but noted that restaurants, particularly fast-food joints, don’t like it. Said The Times: “The restaurant industry . . . will not go down without a fight.”
We didn’t think that bringing down an entire industry was what the campaign for a $15 minimum was
supposedto be about. Oops.
Back in March,
we noted that a similar hikein Seattle’s minimum wage was leading to a spate of local restaurant closings, given that labor costs account for 36 percent of the average restaurant’s earnings.
Case in point: Z Pizza, which has to shut down — putting all 11 employees out of work — because its owner can’t afford the higher labor costs. Ritu Shah Burnham says she tried layoffs, cutting hours, price hikes and not paying herself — to no avail.
And while small businesses have six years to phase in the wage hikes, she has only two, since she’s a franchise of a large chain.
The Times dismissed such concerns, saying minimum-wage hikes can be offset by higher prices and by “paying executives and shareholders less.” (anyone think they do that at their Slimy rag of a newspaper?)
ALL of it here:
Spilling the truth on the fight for a 15 minimum wage New York Post