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California Restaurants Disappearing in Droves After $15 Minimum Wage Law!
California has done it again, destroying a plethora of jobs with it’s $15 an hour mandatory minimum wage laws, hurting the poor and lower middle class citizens. When does it go up again?
Hat tip Sacramento Bee JUNE 18, 2017
Last year, Gov. Jerry Brown signed legislation raising California’s mandatory minimum to $15 an hour by 2022. California saw its first increase in January 2017, as the minimum wage increased from $10 to $10.50 an hour.The irony is that the liberal infested Bay Area is one of the hardest hit regions, as San Francisco passed a $15 minimum wage law in 2014.
You believe this guy? HUH?
I thought that the $15 Minimum Wage was supposed to bring employees?
It is coming to the point of catastrophe. “We’re at this precipice where the model of the full-service restaurant is being pushed to the brink,” said Gwyneth Borden, executive director of the Golden Gate Restaurant Association.
While the minimum wage will not reach the $15 full fruition for some time, if it is already causing havoc, what does the future hold?
Governor Jerry Brown signed the law raising the state’s minimum wage to $15 by 2022. Specifically, the statewide minimum wage increased from $10 an hour to $10.50 an hour on Jan. 1, 2017, then up to $11 an hour on Jan. 1, 2018.
The Los Angeles basin is getting hit as well, with many restaurants and other businesses escaping to Las Vegas.
Businessman Houman Salem wrote in a op-ed in an LATimes piece entitled: Leaving for Las Vegas: California’s minimum wage law leaves businesses no choice
Los Angeles County used to have more than 5,000 apparel factories; today, my company is one of roughly 2,000 — and many (e.g. American Apparel) are looking for a way out. One Los Angeles Times headline, quoting a California State University economist, warned that “the exodus has begun.”
If not for the $15 minimum wage, I’d have zero interest in leaving California.
The biggest reason is the minimum wage, which will rise to $15 by 2021 in the county and by 2022 statewide. I write with some hesitancy, because I’m in no way an opponent of higher pay. When you have a company with fewer than 50 employees, you get to know them pretty well and have a genuine concern for them as individuals. But that has to be balanced with concern for keeping your clients, who can always take their business to other countries or states.
Jobs have already been leaving California for a long time now. I guess Governor MoonBeam and the rest of Sacramento decided to just finish it off.
$15 MINIMUM WAGE: THE STRAW THAT WILL BREAK CALIFORNIA’S BACK.
The post California Restaurants Disappearing in Droves After $15 Minimum Wage Law! appeared first on I Have The Truth.
from I Have The Truth https://ihavethetruth.com/2017/06/18/california-restaurants-disappearing-minimum-wage/
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