Liberalism Meets Reality in the Comic Book Business
2nd May 2015
As of today, May 1, [Brian] Hibbs is required by law to pay his employees at Comix Experience, and its sister store, Comix Experience Outpost on Ocean Avenue, $12.25 per hour. That’s just the first of four incremental raises that threaten to put hundreds of such shops out of business. …
Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually. “I was appalled!” he says. “My jaw dropped. Eighty-thousand a year! I didn’t know that. I thought we were talking a small amount of money, something I could absorb.”
Raising the minimum wage doesn’t force employers to pay their employees a ‘living wage’, it forces them to lay people off, and in many cases to close, laying everybody off. How’s that for screwing the people you’re trying to help? Stupidity + Government = Poverty. Happens every time it’s tried.