Who’d a-Thunk It?
7th April 2015
Among business-owners’ responses to a mandated higher minimum wage are greater efforts to economize on the use of low-skilled labor. (HT Jan Jorgensen) A slice:
[Seattle restauranteur Quynh-Vy] Pham says they are considering scaling down employment, possibly ending sit-down service and transitioning to a “fast-casual” concept to cut down on labor costs.
This report also features the fatuous comments of Seattle’s mayor Ed Murray – comments that are quite annoying to read. While actual, experienced, skin-in-the-game business owners deal with the very real cost consequences of a mandated artificial hike in wage rates – and while many actual, skin-in-the-game employees who are willing to work at wages below the mandated minimum are denied by ‘their’ government the right to so work and, thus, will find themselves unemployed – prancing and preaching politicians make economically ignorant and irrelevant pronouncements as their cruel handiwork causes hardship to innocent victims.