The Fight for $15 minimum wage campaign appears to have collapsed. After tens of millions of dollars were pumped into it by labor unions, specifically the Service Employees International Union (SEIU), the workers that this movement attempted to energize with the promise of higher wages are just not enthused anymore. In fact, what Seattle, which passed a phased-in $15/hour minimum wage law, has shown is that such wage increases led to fewer job opportunities, fewer hours worked, and less money to take home. It reduces wages earned. In New York, the results have been the same, fewer hours worked, less money taken home. Around 1,000 restaurants have closed due to the increased overhead costs of labor. Even USA Today’s editorial board noted that everyone should tread carefully concerning minimum wage hikes thanks to the results we’ve seen out of Seattle.
“If $15 is too much in Seattle, a booming and wealthy city whose region is home to the likes of Amazon and Microsoft, it is too much elsewhere,” they wrote.
Bill McMorris of The Washington Free Beacon has more [emphasis mine]:
No comments:
Post a Comment