Saturday, March 02, 2019

Surprise!

At least it is to idiots.
The 2015 recommendation meant that wages among fast-food restaurant workers in New York City would rise to $15 an hour by December 2018. A survey published near the end of 2018 found “76.50% of full service restaurant respondents reduced employee hours, and 36.30% eliminated jobs in 2018 … 75% of limited service restaurant respondents report that they will reduce employee hours, and 53.10% will eliminate jobs in 2019 as a result of mandated wage increases that took effect on December 31, 2018. … When the tip wage increased 50% in 2015, and since doubled, annual employment growth dropped from 6.67% to less than 1% as of November 2018.”
Take an industry that generally operates on a VERY small margin, and order them to raise wages so you can tell people "I'm saving you!"  And expect anything other than this to happen.

Well done, Gov. Howler!  I imagine your next speech will be telling the restaurant owners they're unfeeling bastards that you'll go after for daring to try to stay in business.

2 comments:

Anonymous said...

They already are talking of forcing owners to hire back those laid off.

Exile1981

Firehand said...

Oh yeah, that'll work.

In Bizarro World