“Minimum wage increases may be one intervention to reduce income-based disparities in life expectancy”...
Seattle’s Minimum Wage Hike May Have Gone Too Far As cities across the country pushed their minimum wages to untested heights in recent years, some economists began to ask: How high is too high?
Girding for the second minimum wage hike in six months and the fourth in 2-½ years, many of San Diego’s full-service restaurants are introducing for the first time an average surcharge of 3 percent of the meal’s cost to help cover increased labor expenses that some operators say amount to hundreds of thousands of dollars in a single year. ...Hoping to preserve what restaurateurs insist are already thin profit
This is all basic economics, really. As costs of labor increase, the added cost must be offset. In order to satisfy operating costs, produce a product consumers want to purchase, and still turn a profit, it’s perfectly reasonable for a company like McDonald’s to look for cost-cutting alternatives. As Forbes pointed out, the added pressure to increase wages only serves to expedite technological solutions.The pursuit of a "living wage" comes at a high price -- countless jobs have been lost to newfangled technological overlords and businesses with small profit margins have shuttered nationwide. Neither were giants in the fast food industry immune to the $15 minimum wage disease.
[T]he actual benefits to workers might have been minimal, according to a group of economists whom the city commissioned to study the minimum wage and who presented their initial findings last week.
Beloved Upstate Restaurant Closes, Cites Minimum Wage Hike As Major Reason An Albany area fish fry restaurant is closing its doors after nearly 70 years in business, and the owner is pointing to New York’s $15 minimum wage as a major reason for his establishment’s downfall. Bob and Ron’s Fish Fry, described by New York Upstate as an “Albany institution” featuring “the best fish fry in the Capital Region,” announced they’d be closing their doors in less than two weeks.
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