Minimum Wage Law Devastates Poor in Oakland, California

Share on GAB

oakland (1)The minimum wage laws approved in Oakland and San Francisco is having a major impact on the poor as liberals promised they would.

Businesses are closing, cutting hours and raising prices to cover the costs, meaning the poor that have lost their jobs can no longer afford what they used to make.  Under the law, the current minimum wage is $12.25 and will rise to $15.00 in 2018.

A survey of 223 small businesses proved to be profoundly troubling.  The liberals claimed that the rise in the minimum wage would make the lives of the poor better:

“Drawing on a variety of government data sources, we estimate that 140,000 workers would benefit from the proposed minimum wage law, with the average worker earning an additional $2,800 a year (once the law is fully implemented).  Our analysis of the existing economic research literature suggests that businesses will adjust to modest increases in operating costs mainly through reduced employee turnover costs, improved work performance, and a small, one-time increase in restaurant prices.”

Trending: Mark Meadows: Declassified Documents Coming that Will Curl Your Hair

Continue Reading

If you haven’t checked out and liked our Facebook page, please go here and do so.

Share on GAB


Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please hover over that comment, click the ∨ icon, and mark it as spam. Thank you for partnering with us to maintain fruitful conversation.