The Big Think

November 18, 2014

Forseeable Consequences

Filed under: Education — jasony @ 8:27 am

SEATTLE’S MINIMUM WAGE CRASH: $15 to ZERO:

“Perhaps most concerning about the $15 proposal is that some businesses anticipated going beyond an increase in prices or a reduction in staffing levels. More than 43 percent of respondents said it was ‘very likely’ they would limit future expansion in Seattle in response to the law. One in seven respondents is even ‘very likely’ to close a current location in the city limits.

Yes, it it always sounds good to give people more free stuff, but once again, everything has a price. I asked a group of sixth graders what they would do. It only took them a few minutes to determine that their only choices were to; fire some employees, raise prices, or go out of business. They also concluded that people won’t come to your store if you charge too much. If sixth graders grasp this, what is wrong with our politicians?

Seattle is the first city in the country to pass a $15 minimum wage. Survey results suggested it will be the first city to find out why it was such a bad idea.”

The policy was voted in unanimously and fully supported by the Socialist city council member Kshama Sawant. Remember what Margaret Thatcher said about Socialism?

Filing this under “education” in the hopes that, well, you know…

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