Watching the morning roundup of propaganda and what the Obama media has decided is news and saw the section about the raising of the minimum wage to $15/hour in a part of Seattle. The talking heads and their chosen pundits were discussing the possible effects of this ad nauseum. Let me go out on a limb and call it now:
Within 3 months there will be fewer employees per business. Those employees will be working the maximum they can before they run up against the Obamacare mandates.
Within 6 months, there will be fewer businesses in that area as those businesses who can, will move their services elsewhere. There will be no new businesses moving into the area or any development or upgrading of existing concerns.
Within a year, there will be a 70% drop in employment and a corresponding increase in former workers on welfare due to business lost by movement or businesses closing their doors due to the increase in costs.
I am not an economist nor a business owner, nor even the Amazing Kreskin, but this is really a no-brainer. The only thing that might be mutable is the timeline, which may be faster.
4 years ago