Monday, June 2, 2014

Surprise! $15 an hour minimum wage backfires!

American Thinker ^ | 06/02/2014 | Thomas Lifson
It turns out that leftists can’t repeal the law of supply and demand. In the Seattle suburb of Seatac, adjacent to the airport and full of parking lots, hotels, and restaurants with many low wage employees, the minimum wage was hiked to $15 an hour, and the results of this social experiment are coming in. United Liberty reports:  A February report from the Seattle Times revealed:At the Clarion Hotel off International Boulevard, a sit-down restaurant has been shuttered, though it might soon be replaced by a less-labor-intensive cafe…Other businesses have adjusted in ways that run the gamut from putting more work in the hands of managers, to instituting a small “living-wage surcharge” for a daily parking space near the airport.
That’s not all. According to Assunta Ng, publisher of the Northwest Asian Weekly, some employees are feeling the pinch as employers cut benefits. She recalls a conversation she had with two hotel employees who have been affected by the wage hike:



(Excerpt) Read more at americanthinker.com ...

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