from The Burning Platform:
Only a government drone, liberal moron, or union douchebag couldn’t see this coming from a mile away. Instituting a mandatory $15 minimum wage is about the dumbest government enforced idea ever. When Seattle announced it, Obama and his liberal minion hordes applauded and declared victory in the war against greedy capitalists. Now it goes live in two weeks. The impact in the real world is already being felt and will really sink in after more small businesses close up shop, more workers lose jobs, and prices jump for everything in the socialist paradise of Seattle.
Of course restaurants were going to close. All restaurants operate on very thin margins. That’s why very few survive over the long-term in the first place. Family owned restaurants are always living on the edge. This is how it works in the real world. Waitresses at restaurants are paid approximately $2.83 per hour. Oh the horror!!! A waitress working a 4 hour lunch shift or dinner shift at a moderately priced bar/restaurant can generally make between $80 and $120 in tips. That is $20 to $30 per hour, along with their $2.83 pay. According to the IRS, 10% of their total sales must be declared as tip income.
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