Agit8r
Gold Member
- Dec 4, 2010
- 12,141
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As noted earlier. The bulk of stores closed are in very conservative states, so obviously--as with every thread you have posted, you didn't do the 43 seconds of research necessary to realize that your premise is 100% false.
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The premise was 'proven' right in the OP.
“This higher city minimum wage eliminated the jobs of the very workers advocates wanted to help,” said James Sherk, a research fellow in labor economics at The Heritage Foundation.
“Given the reality that Wal-Mart operates on razor-thin profit margins (only 2.8 percent last quarter), a 25 percent difference in labor costs for entry-level workers can be the difference between a store that turns a profit and a store that barely breaks even, or loses money,” Perrywrote.
Oakland’s Minimum Wage Is Up, Wal-Mart Is Out
Clean off your specs, an read more carefully next time.
And, to show that there are no hard feelings, some information that may save your life, old timer:
The worst time to have a heart attack is during a game of charades
Then what is your explanation for all the stores that closed in the regressive states?
I never offered one.
I'll assume that this post is your attempt at an apology.
If so....accepted.
So you acknowledge that the facts are in conflict with your assertion
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When you're in a hole such as the one you dug for yourself....stop digging.
“This higher city minimum wage eliminated the jobs of the very workers advocates wanted to help,” said James Sherk, a research fellow in labor economics at The Heritage Foundation.
“Given the reality that Wal-Mart operates on razor-thin profit margins (only 2.8 percent last quarter), a 25 percent difference in labor costs for entry-level workers can be the difference between a store that turns a profit and a store that barely breaks even, or loses money,” Perrywrote.
Oakland’s Minimum Wage Is Up, Wal-Mart Is Out
I just proved the import of the OP.
If you'd like a different assertion to prove....start a thread.
The ineluctable conclusion is that Democrat pols cost 400 workers their jobs by meddling where they don't belong.
It is a well trod path by Democrats, Liberals, and Progressives.....none of whom believe in the free market.
Did I mention that almost all the closed stores were in red states. If so I apologize. Here is the graphic I was referring to:
I guess the decisive factor must have been something entirely different than the lunacy in the OP.