We are seeing the cry for increased minimum wage all over the country and we are also seeing the side effects of such acts. It’s all fine and great to mandate that workers receive increased pay but politicians and liberal morons alike both fail to realize the real consequences. First and foremost increased wages will inevitably result in increased cost of good and services. It’s really quite simple, if the owner of an establishment must pay more to staff his business he will in effect pass that cost on to the end user aka the customer. Another major side effect is reduced number of jobs and hours. Employers will simply cut back on the number of people they hire and in many cases adopt automating their business processes wherever they can.
One other aspect of increased minimum wage that often times goes unaddressed is the pay equality. If someone flipping burgers all of the sudden receives what amounts to a pay increase of roughly 30% what happens to the rest of us? Do we also receive a pay increase to offset the increased cost of good and services the increased minimum wage is causing? How is it that a job that requires no skill such as flipping burgers is all of the sudden on par with what a police officer or teacher makes?
The closings have occurred across the city, from Grub in the upscale Queen Anne Hill neighborhood, to Little Uncle in gritty Pioneer Square, to the Boat Street Cafe on Western Avenue near the waterfront.
So there you have it! The mandatory minimum wage law at work and destroying businesses and low wage workers lives in Seattle! It’s really not hard to understand the negative effect a mandatory minimum wage will have on a city! When the price of labor went up in Seattle what did business owners do? – they laid off workers. So the bottom line is this, would you rather make some money rather than no money at all? All a minimum wage increase in NYC will do is increase both the welfare state and crime as the inevitable layoffs will leave people with empty pockets and no jobs!