Don't ya just hate it when Reality comes knocking? People try to pretend that those are the gentle taps which precede the wrecking ball that knocks down not only the door, but the house the door is attached to.

A forced increase in wages forces a business to belly up.

Here's a list of everyone surprised by that...

...thank you, I'll be here all week.

In my small company of 10 people, I have three people who are worth $15 an hour. The rest would simply lose their jobs

I have two factories in GJ, CO and gave up looking for employees with a starting wage of 13 bucks an hour, state minimum I think is about 8.
if I had to go to 15 I would also close.

You'd think in relatively short amount of time that this entitlement mania has paid low skill/no skill emoyees $15/hr that sense take hold. It is not the public or the governments place to dictate wages, even a minimum, and the economic consequence of that stupidity is painfully obvious wherever implemented. Even so, in the news just today is a renewed push for $15/hr. Stupidity breeds stupidity and this government transgression into private business will one day be a case study in economics 101 classes (if the country learns anything).

You can exaggerate, lie or fudge just about anything, but not good old simple math. If your cost is higher than your income - you are out of business. Or putting it the way a famous business mogul does, (paraphrasing) "If at the end of your fiscal year you paid all your bills and was one dollar short you are a failure. If at the end of your fiscal year you paid all your bills and have one dollar left, you are a success." That pretty much sums it up. I wouldn't wait until August to get out of Seattle..

There is a more insidious reason for that $15 wage hike, after passage of ObamaCare and the insurance market failures, the Dems 'reality' didn't want to end up sticking large swaths of people on MediCaid. They wanted it to look like they 'cared' at the ballot box, but no one is going to cheer or brag about having a welfare health care card.

But $15 on a young person working fulltime is about $30 k for flipping burgers and probably outside of subsidies - so that 'raise' the Bernie voters expected turned out to be employer-paid premiums using after-tax dollars in some individual market.
It has been part of their scheme toward single-layer and a mechanism to bury trillions in domestic spending while developing a subservient class.

A great and growing economy is the enemy of socialism. Their lies and bullshit only flies if the masses are scared, but as history shows, it has never been successful, nor sustainable.

At least this is one mistake we know Trump won't make. Union workers in one of his Atlantic City resorts voted for a big raise in pay, so he fired everybody.

Wasn't it AR who said (something like) , "You can ignore reality all you want but you cannot ignore the consequences of ignoring reality at all."

It is instructive to examine the relationship between demands for increases in the minimum wage and the decline in the value of the dollar. The dollar has been systematically devalued for the last 70 or more years. Politically this is attractive because an economy that depends on deficit spending can borrow and then pay back with cheaper dollars. While this is probably not illegal it is certainly unethical but it is an essential component of Keynesian economics. The real looser is the American people but this is of little concern to the political class.

Alberta's government is raising the minimum wage from $12.20 to $15.00 in about a year. It went up from $10.00 to $12.20 over the past two years. I can just about see the businesses shut down or lay off employees.
No one forces the employees to go to work, yet the government forces businesses to pay what they dictate. I would rather work for $12.00 per hour and have a job. Who is John Galt?

YEA!, insert fist pump, couldn't of happened at a better time.

Contact the SBA for funding and buy that pizza shop from your previous boss. Empower yourself and your fellow workers.

Find the Hidden Money in America - (link below is a virtual conference webinar organized by SBA, starting a few hours from now)

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Then there's Oklahoma City, with no state or municipal minimum wage laws. Starting wages in any business are over $12/hour. It's the result of a booming labor market, with a need for 6,000 new workers. Add to that the fact that Forbes magazine rated OKC as the most affordable metro center in the nation. Government has played a part, but not by imposing wage or price controls. Both state and city governments have worked hard to attract new business to get out of the oil and gas boom and bust cycle, and it's worked.

Clearly the problem is we need a minimum price for food.

This was two years ago. Now it's long gone. https://s11.postimg.org/aee798hcj/zpi...