Monday, August 14, 2017
TKC EXCLUSIVE!!! RESEARCH SEYZ: $15 MINIMUM WAGE THREATENS KCMO JOBS!!!
Check this important column about more unintended consequences and the aftermath of a recent election.
Sent our way by one of the BEST AND BRIGHTEST KANSAS CITY BIZ LEADERS who offers a patient explanation . . .
Fight For $15: We WON... Whoops.
Over the past 3 years, Tony's KC has posted no less than 10 stories about how we support low-skill workers and anything they can do to improve their lot in life.
We've highlighted that raising the minimum wage, while making Sly and our ruling liberal elite that run our worlds feel better, has the exact opposite effect on the people intended to help.
Instead of pointing to past TKC articles and saying, "We told you so", here's a fresh look at what the low-skilled workers won at the polls last week.
The quote below is from an article that cold be titled, "Economic Reality Bites"
"Cities that took the Fight for $15 bait are coming to realize that, in the real world, forcing businesses to raise wages for low-skilled workers costs jobs and hurts the very people it's supposed to help.
The biggest blow came when economists at the University of Washington studied Seattle — which had boosted its $9.47 minimum wage to $11 in 2015 and $13 last year, on its way up to $15 for all companies in the city by 2021 — and looked at the wage's impact on city workers.
What the economists found was that low-wage workers lost more in hours than they gained in hourly wages."
Read more: The Fight For $15 Fizzles
So congratulations on your $15 an hour victory; ignoring reality, and Tony's KC numerous warnings, may cost you your job.
Developing . . .