Killing jobs softly: In addition to killing 25,000 direct jobs and perhaps as many as 100,000 indirect jobs (cabbies, restaurant employees, bookstores; big box stores, etc), the socialists in NYC appear to be killing the existing restaurant business. It's now being reported that restaurant jobs decreased in NYC after the minimum wage hike. Surprise, surprise.
So, you may lose your job due to the minimum wage, but if you are able to keep it, you will be paid more.
From the link:
The left achieved what it considers a major victory in New York when the minimum wage was raised to $15 an hour. In the aftermath of this victory, however, New York City has experienced its worst decline in restaurant employment since 9/11. So reports the Foundation for Economic Education.
It doesn’t take much economic education to understand what has happened.
Restaurants tend to operate on famously low profit margins, typically 2 to 6 percent. So a mandatory wage increase [from $11 an hour to $15] over a two-year period is not trivial.Later in the article, from Mark Perry:
In addition to lost jobs, the $15 minimum wage has caused a reduction in hours for some employees who are retained. A reduction in hours can offset partially, or even fully, any net gain in wages that would otherwise accrue due to the hourly wage hike.While standing in line at Starbucks the other day, I heard an employee remarking that he only got 22 hours the previous week, and needed more hours. That suggests to me that Howard Schultz knows the cost difference between a "full-time" employee and a "part-time" employee, despite both earning the same hourly wage.
Irony or coincidental? It's not lost on some -- the simultaneous emergence of the infanticide movement, increasing anti-Semitism among some members of the US House, and the rise of the US national socialist movement.
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Global Warming?
Link here. This really is a superb site, and the wildlife photography -- especially the birds -- is incredible. It's my number one site when checking in on the weather / climate.
From the linked article:
During March 1910, the average afternoon temperature in the US was 65 degrees, compared to 52 degrees last year.This issue will ultimately be a win-win for both sides. One group will successfully use the issue to transfer wealth; the other group will be comforted by the fact that all those efforts to stop global warming worked.
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