Tuesday, January 3, 2017

New year brings stifling new minimum wage hikes

You fools.  You utter, utter fools.

Last month, Competitive Edge, a San Diego communications firm, announced that it was moving 75 call center jobs to El Paso, Texas because of the costs of the minimum wage hike. In the Bay Area, San Francisco Eater reports that restaurants continue their year-end “death march” with dozens of closures, many of them at least partially a result of dramatic minimum wage increases. Book stores have been particularly hard hit, with local favorites like Black Oak Books (Berkeley) and Almost Perfect Bookstore (Roseville) closing because of cost increases.

Earlier this year, Adam Ozimek, an economist at Moody’s Analytics, calculated that 600,000 California manufacturing jobs paid $15 an hour or less. He said 31,000 to 160,000 jobs could be lost under the new minimum wage rate.

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