Author Topic: Minimum wage hikes trigger 'payroll tsunami,' as small businesses cut back  (Read 696 times)

Offline Solar

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Let's add another category in the Dims Hate scenario and add small business.
They pretend to be for the little guy, thing is, small business is the little guy and they're tossing them to the wolves.
By wolves, I mean everyone wanting to pick the bones while being forced to close, from liquidators, to the bank repo guys stealing what little equity they had left.

Minimum wage hikes trigger 'payroll tsunami,' as small businesses cut back

Small business owners across the country are beginning to feel the pinch as more states move toward a $15 minimum wage.

While proposals to raise pay are intended to help workers, several mom-and-pop coffee shops as well as restaurants are responding by cutting hours, eliminating jobs or closing down entirely because they can't keep up with rising wages under the law.

Boston's iconic restaurant Durgin-Park in Faneuil Hall was forced to shutter its doors in January after nearly two centuries in business. The owners said they couldn't keep up with the wages and health care premium hikes.

“We’d been thinking about [closing] for the last year,” Michael Weinstein, CEO of Ark Restaurants, which purchased Durgin-Park in 2007, told Boston.com. “First of all, our landlords are terrific. It’s an expense problem that we’ve been facing. We [own] several venues across the country that are facing a minimum wage increase. As part of that, we’re facing an increase in liability, property and health insurance.”

After winning her House race last year, New York Rep. Alexandria Ocasio-Cortez, D-N.Y., "swung by" to say goodbye to the Coffee Shop in Union Square where she used to work.

She tweeted: "The restaurant I used to work at is closing its doors. I swung by today to say hi one last time, and kid around with friends like old times."

What she didn't say is that the popular coffee shop was closing its doors because it couldn't afford the $15 minimum pay raise that Ocasio-Cortez has gone on to strongly support.

https://www.foxnews.com/politics/15-minimum-wage-hikes-payroll-tsunami-hurt-small-businesses
« Last Edit: April 08, 2019, 04:09:19 PM by Solar »
#WWG1WGA

Offline Solar

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Guess what else the Min wage did to retail? Watch this, and think 10 years into the future.

https://www.youtube.com/watch?time_continue=136&v=VMZM5rMOIPE
#WWG1WGA

Online s3779m

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Guess what else the Min wage did to retail? Watch this, and think 10 years into the future.

https://www.youtube.com/watch?time_continue=136&v=VMZM5rMOIPE
Even without the min. wage hike, that's coming. It's just a better way. In Trump's economy, with unemployment at 3%, it is harder staff up business. (3% means you probably have everyone qualified with a job, and what is left is not hire-able) Everything changes and gets more efficient, which means those working get paid more which means we can do away with the minimum wage for most workers as it is not needed, the market will set wages higher if left alone. And the liberals are against this because??????

Offline Solar

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Guess what else the Min wage did to retail? Watch this, and think 10 years into the future.

https://www.youtube.com/watch?time_continue=136&v=VMZM5rMOIPE
Tech is inevitable, but the left forces the issue, eliminating jobs prematurely. There is a natural transition that takes place, where the public gradually accepts change.
Walmart lied when they said they don't have information on how it will effect labor, they know quite well where it's headed, that's the reason they're doing it, their bottom line.
#WWG1WGA

 

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