A while back, I posted about the city of Seattle, AKA San Francisco North, raising the minimum wage to $15 per hour in response to the leftist lunatic fringe living there.
And, as I predicted, because it happens every time artificial levels of what something is worth are imposed, this “stroke of geniusness” has backfired. Walter Hudson at PJ Media.com fills us in.
Seattle $15 Minimum Wage Killing Jobs, Hurting Students
Surprise, surprise. Artificially hiking wages hurts the people it’s intended to help.
May 5, 2015 – 6:00 am
Elsewhere, small-business employees initially thrilled by the “raise” granted them by the city have since learned that they’ll be losing their jobs later this year. Red Alert Politicsreports:
[Z Pizza] owner Ritu Shah Burnham said she just can’t afford the city’s mandated wage hikes.
“I’ve let one person go since April 1, I’ve cut hours since April 1, I’ve taken them myself because I don’t pay myself,” she told Q13. “I’ve also raised my prices a little bit, there’s no other way to do it.”
It turns out higher wages don’t grow on trees.
Gee, no shit. Who, with the exception of the idiots and space cadet leftists who pass as “leaders” in Seattle could NOT see THIS coming ? I predicted shit like this last year, when the moonbats first started on the warpath to this economic suicide. But, instead of blaming the leftist lunatics who enacted this insanity, no, the rubes who vote for these leftists, they will blame “evil, greedy business owners”.
A lesson for the rest of the morons who think, just because the leftists, and unions tell them they are worth $15 per hour, that paying an artificial wage backfires every time it is tried. and WHO gets hurt the most by this insanity?
Gold star if you said those who these “kind-hearted, more caring than anyone else” leftists claim they are trying to “help”. Asshats, STAY THE HELL out of affairs between private businesses and their employees. It is OBVIOUS none of you EVER have tried to run a small, or any other kind of business.
If you HAD, you would see right away the inherent stupidity in your actions. Let the FREE MARKETS decide what the prevailing wage rate should be. Not some arbitrary number you leftist loons can’t even count to.
CLYDE. Amazing how leftist “good intentions” usually turn to dog shit.