Minimum wage increase causes the loss of 700 restaurant jobs in Seattle
Daily Signal:
The $15 minimum wage increase in the Seattle area “is getting off to a pretty bad start,” according to a new report.This shows the clear damage that liberal unfunded mandates have on jobs, particularly entry level jobs. Because of the requirement, people who had jobs no longer get paid and they also no longer get the tips that go with restaurant work.
Data shows the Seattle Metropolitan Statistical Area (MSA) lost 700 restaurant jobs from January-September of this year and a report from the American Enterprise Institute suggests this could be the product of adverse effects of minimum wage hikes on restaurant jobs.
“What is also noteworthy about the loss of Seattle restaurant jobs this year is the fact that restaurant employment in the rest of Washington state is booming this year,” writes Mark Perry, an AEI scholar and professor of economics and finance at the University of Michigan’s Flint campus.
A report by Perry, published Wednesday on AEI’s public policy blog Carpe Diem, notes that there has been an increase of 5,800 new restaurant job positions in the rest of the state of Washington.
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