One of the ways you can tell the difference between a liberal and a conservative is whether they deny the logic and science of the free market that explains the simple correlation between supply and demand. And the best example of liberals who don’t understand that very simple relationship are the idiots in Seattle who imposed hiking the minimum wage to $15 and doomed their constituents to the unemployment line!
In June of last year, the Seattle city council passed a $15 minimum wage law to be phased in over time, with the first increase to $11 an hour taking effect on April 1, 2015. What effect will the eventual 58% increase in labor costs have on small businesses, including area restaurants? It’s too soon to tell for sure, but there is already some evidence that the recent minimum wage hike to $11 an hour, along with the pending increase of an additional $4 an hour by 2017 for some businesses, has started having a negative effect on restaurant jobs in the Seattle area.
The chart below shows that the Emerald City MSA started experiencing a decline in restaurant employment around the first of the year (when the state minimum wage increased to $9.47 per hour, the highest state minimum wage in the country), and the 1,300 job loss between January and June is the largest decline over that period since 2009 during the Great Recession (data here). The loss of 1,000 restaurant jobs in May following the minimum wage increase in April was the largest one month job decline since a 1,300 drop in January 2009, again during the Great Recession.
It really is amazing how liberals accuse us, conservatives, of denying science when the logic and statistics against raising the minimum wage are so clear and obvious.
But that’s all it takes to be a liberal — an oblivious obstinance to facts, and a cult-like insistence that every liberal narrative is holy write.
Meanwhile, Americans are losing their jobs because of smug dumb-ass liberals.
What do you think? Can we wake up our fellow Americans to the fact that liberal economic policies make life worse for the common American, not better?