Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… You Idiots Pushed for It [#You live with It]…

Posted by paulfromwloh on Tuesday,October 25th,2016

.. recently the Los Angeles City Council adopted , believe it or not , a minimum wage of $15.00 per hour . Yes , you heard it right . They jacked it up to that much ..

.. now the Unions who pushed for the higher minimum wage are realizing that the Laws of Economics do still apply . They realized when you jack up the price of an hour of labour above the market rate , there will be fallout in the market . The amount of labour supplied will soar , but the demand for labour will collapse . Also , employers will take actions to substitute for the change in the market rate floor …

.. [h/t — theRightScoop.com]..
.. [link] to the blog article ..

.. so the Unions want exemptions from the new minimum . Un – uh . You bought it , you broke it , folks !! …

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