The $15 minimum wage policy is giving New York City a major dose of economic reality.
New York City restaurants are eliminating jobs, reducing employee hours, and raising prices due to the higher costs of the $15-per-hour minimum wage.
The New York City Hospitality Alliance, a business association that represents restaurants in the city, claims that the restaurant industry in NYC is on the decline.
According to Andrew Rigie, the executive director of the trade association, “full-service restaurants recorded a 1.6 percent job loss, which is the first recorded annual loss in two decades.”
The New York City Hospitality Alliance’s revealed that approximately a third of respondents will reduce jobs and raise prices this year due to the $15 minimum wage that the New York state government enacted.
The survey found that 76.5 percent of full-service restaurants which responded ended up reducing employee hours, and 36 percent got rid of jobs.
Additionally, 75 percent of limited-service restaurants stated that they plan on reducing employee hours, and 53 percent will eliminate employment opportunities in 2019 due to the government-imposed wage policy.
New York’s governing class still believes the $15 minimum wage is the way to go.
Governor Andrew Cuomo, through a spokeswoman, defended New York’s minimum wage law:
All New Yorkers deserve to make a living wage and under the governor’s leadership, more minimum-wage workers than ever before have received an increase in their wages. The fact is that increasing the minimum wage puts more money in the pockets of hardworking New Yorkers, which creates more demand for local businesses and increases economic activity.
The Hospitality Alliance concluded that, “The results of this survey, and other industry trends, signal that a once-growing industry responsible for hundreds of thousands of jobs and billions of dollars in economic impact has become stagnant.”
New York’s economic policies have garnered significant criticism from various free market economists during the past few years.
Not only has the state of New York adopted a similar income tax scheme to the federal government, but it has also doubled down with regulations, spending, and other questionable policies like a $15 minimum wage.
William P. Ruger and Jason Sorens’s Freedom in the 50 States rankings provide an unflattering image of New York’s fiscal policies:
New York’s local tax burden is twice that of the average state: 8.5 percent of income in FY 2015. This is a dramatic rise from the early 2000s when it was 7 percent.
The state’s tax burden totals “a projected 6.8 percent of income in FY 2017”. Additionally, New York’s debt is the highest in the country standing at 31.2 percent of income. Given these factors, New York finds itself ranking last in fiscal freedom according to this report.
On top of that, New York falls in last place for overall regulatory policy rankings. When adding New York’s $15 minimum wage into the mix, the state has an explosive cocktail of government intrusion in the economy.
As a result, citizens are voting with their feet. In the same report, it was noted that in “the calendar year 2015–16 alone, 166,000 more people moved from New York to another state than moved in.”
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The Left Wing Media is Leading a War on Conservatives & Hope To Destroy You
At the New Republic, staff write Osita Nwanevu called for the destruction of the GOP.
Nwanevu cited the cases of Donald Trump and Roy Moore as why the GOP should go the way the of the Dodo.
The writer took issue with the Republican National Committee’s decision to continue supporting Moore amid allegations of child molestation. He also criticized the Trump administration for its caging of children at the border.
What bothers Nwanevu the most is how the Republican Party has backed Trump all of this time.
He even tried to link Trump to the previous failed administration George W. Bush.
Nwanevu attempted to draw the comparison below:
Trump’s own rhetoric of division and exclusion was preceded by the 2004 reelection campaign for George W. Bush, which took advantage of homophobia to boost turnout from social conservatives. Before thousands of Puerto Ricans devastated by Hurricane Maria were forced by the Trump administration’s shoddy recovery effort to ask themselves whether they were really Americans after all, thousands of African Americans failed by the Bush administration’s relief efforts after Hurricane Katrina posed the same question to themselves. Trump’s intimations that the federal executive is above the law may well have been bolstered by the Bush administration’s warrantless surveillance of the American people. Even Trump’s efforts to integrate his companies within the processes of the state were preceded by the Bush administration’s curious keenness for contracts with Halliburton, the company Vice President Dick Cheney ran before Bush took office.
The writer also criticized Trump for sowing divisions based on racial lines.
In Nwanevu’s view, “Donald Trump is not a departure from the values defining the Republican Party, but the culmination of its efforts to secure power in this country.”
He took it a step further by describing the Republican party as “a reliable opponent of equality and a malignant force in American life—a cancer within a patient in denial about the nature and severity of her condition” that must ultimately be “destroyed—vanquished from the American political scene with a finality that can only be assured not by electoral politics or structural reforms alone, but by a moral crusade.”
The staff writer gushed about demographics, largely propelled by post-1965 Immigration Act policies, as a main driver of the inevitable political change in America.
The Left is no longer hiding their intentions when it comes to mass migration.
They understood full well its political implications, which is why they constantly brag about the GOP’s upcoming demise.
The GOP should take these threats seriously, and work day and night to re-elect President Trump and take back the U.S. House.
Trump should take the gloves off in his second term and carry out substantial immigration restrictions such as ending birthright citizenship and chain migration, fully funding the border wall, restricting pathways to citizenship, and completely defunding sanctuary cities to deny Democrats the permanent electoral majority they so desire.
The time for talk is over.
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