Some day, Democrats will learn that minimum wage laws do not help workers. The fact is, they only make things more expensive while leading to reduced hours, fewer jobs, and shuttered businesses.
California enacted a $20/hour minimum wage law, and Los Angeles is pushing a $30/hour minimum wage for hospitality workers in the run-up to the 2028 Olympic Games. Both have already had disastrous economic effects, and Los Angeles is advocating for a $ 30-per-hour minimum wage for hospitality workers in anticipation of the 2028 Olympic Games. Both of these measures have already had disastrous economic effects.
In the Twin Cities of Minneapolis and St. Paul, the $ 15-an-hour minimum wage is having exactly the same effect. I added some emphasis:
When the Minneapolis City Council approved a controversial $15 minimum wage in 2017, no one knew what would happen next.
Workers and business owners made dueling predictions of boom or bust that would result from the citywide wage hike. Cities with similar policies were still phasing in the $15 minimum, so it was impossible to say who was right.
Nearly a decade later, businesses in Minneapolis and St. Paul — which passed its own similar law in 2018 — say they’re stretched thinner than ever, and both cities have lost thousands of jobs.
Pressure on the hospitality industry is particularly acute. Restaurants and other leisure-related businesses say shrinking margins have left them less able to weather economic shocks, such as the federal immigration crackdown that forced many to temporarily close this winter.
The Federal Reserve Bank of Minneapolis, which has studied the effects of the $15 minimum wage in Minneapolis since 2018, recently reported minimum wage policies have resulted in higher hourly pay but fewer available hours and positions. That has meant lower earnings: Between 2017 and 2021, the average decline in wage earnings across all industries was 1% in Minneapolis and about 2% in St. Paul. The research controlled for the effects of the COVID-19 pandemic and unrest after George Floyd’s murder in 2020.
This is a bald-faced lie. There is literally decades’ worth of research showing time and time again that forced minimum wage hikes lead to fewer jobs. And why? Because government forcing business owners to pay wages they can’t afford lead to lay-offs and eliminated positions.
It comes in mens and womens and lets your friends know you're happy to express your views and don't care what anyone thinks! Cheers!
Just because “voters demand” more money from a business doesn’t mean that money for higher wages magically shows up when the ballot issue passes.
In fact, it’s communist for the government to tell a business what they must pay workers. Business owners take all the risks of starting a business and trying to build it into a success while navigating a labyrinth of risks and regulations. Business owners know what they can and can’t afford to pay workers, and that’s no one else’s business to decide.
Then again, the Domestic Terrorism Party wants everyone to be poor, so the loss of jobs is actually a feature of mandatory minimum wages.
