Wednesday, April 6, 2016

California and New York ready to join Seattle in destroying jobs with new minimum wage laws

Economics is a social science, and as such it can be greatly affected by the emotional demands of a given people or culture.  And just as the government, Federal Reserve, and Wall Street helped create the political climate of the 2016 election through their full buy-in of crony capitalism, so too are states signing their own economic ‘death warrants’ by giving into the demands of a $15 minimum wage.
Last year, places like Seattle, Washington signed new legislation imposing a $15 minimum wage on businesses and government employees, and the results were as expected by economists who look at the true data rather than those who are bought into the political spin.


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