Stephanie
Diamond Member
- Jul 11, 2004
- 70,230
- 10,864
- 2,040
well well. YOU were warned. so now go beg your Commie government to take care of you. Of course it won't be THEIR MONIES
SNIP;
DailyCaller
Business
REPORT: Seattle Restaurants Suffer Worse Job Loss Since The Great Recession
Connor D. Wolf
Contributor
12:03 PM 08/10/2015
According to a report released Sunday by the American Enterprise Institute (AEI), the $15 minimum wage has caused Seattle restaurants to lose 1,000 jobs — the worst decline since the 2009 Great Recession.
“The loss of 1,000 restaurant jobs in May following the minimum wage increase in April was the largest one month job decline since a 1,300 drop in January 2009, again during the Great Recession,” AEI Scholar Mark J. Perry noted in the report.
The citywide minimum wage increase was passed in June of last year. The measure is designed to increase the city minimum wage gradually to $15 an hour by 2017. The first increase under the plan was to $11 an hour in April. According to the report, Seattle restaurants have already faced severe consequences as a result. In contrast, in the six years since the 2009 financial crisis, the industry has been recovering in areas without the $15 minimum wage.
“Restaurant employment nationally increased by 130,700 jobs (and by 1.2%) during that same period,” the report also noted. “Restaurant employment in Washington increased 3.2% and by 2,800 jobs.”
Supporters of the $15 minimum wage often argue it will help the poor and stimulate economic activity. Opponents, however, argue such policies will actually hurt the poor by limiting job opportunities. How little or how much of either outcome usually depends on the study. Nevertheless, even the nonpartisan Congressional Budget Office (CBO) agrees at least some job loss is expected.
all of it here:
Why Did Seattle Restaurants Lose 1 000 Jobs Report Blames The Minimum Wage The Daily Caller
SNIP;
DailyCaller
Business
REPORT: Seattle Restaurants Suffer Worse Job Loss Since The Great Recession
Connor D. Wolf
Contributor
12:03 PM 08/10/2015
According to a report released Sunday by the American Enterprise Institute (AEI), the $15 minimum wage has caused Seattle restaurants to lose 1,000 jobs — the worst decline since the 2009 Great Recession.
“The loss of 1,000 restaurant jobs in May following the minimum wage increase in April was the largest one month job decline since a 1,300 drop in January 2009, again during the Great Recession,” AEI Scholar Mark J. Perry noted in the report.
The citywide minimum wage increase was passed in June of last year. The measure is designed to increase the city minimum wage gradually to $15 an hour by 2017. The first increase under the plan was to $11 an hour in April. According to the report, Seattle restaurants have already faced severe consequences as a result. In contrast, in the six years since the 2009 financial crisis, the industry has been recovering in areas without the $15 minimum wage.
“Restaurant employment nationally increased by 130,700 jobs (and by 1.2%) during that same period,” the report also noted. “Restaurant employment in Washington increased 3.2% and by 2,800 jobs.”
Supporters of the $15 minimum wage often argue it will help the poor and stimulate economic activity. Opponents, however, argue such policies will actually hurt the poor by limiting job opportunities. How little or how much of either outcome usually depends on the study. Nevertheless, even the nonpartisan Congressional Budget Office (CBO) agrees at least some job loss is expected.
all of it here:
Why Did Seattle Restaurants Lose 1 000 Jobs Report Blames The Minimum Wage The Daily Caller