There’s no such thing as a free lunch.
Update on a post I made back in April about Seattle’s $15 minimum wage:
According to the Washington Policy Center,
Many SeaTac businesses have tacked on an additional fee to mitigate the increased cost of labor. On the receipt below, a $6.93 “living wage surcharge” was added to a $84.00 parking charge. That is the equivalent of a 8.25% tax.
Contrary to what supporters claim, increasing the minimum wage does not create jobs and stimulate the economy. The higher wages are not free money. The increased cost must either be absorbed by the employer, which is impossible for many who already operate on shoe-string profit margins, or it must be passed on to workers, in the form of reduced hours and benefits, and consumers, in the form of higher prices. Either way, someone pays.
As socialist leaders in Seattle fight to bring egalitarianism to the working class within their city…
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