California minimum-wage mandate causes maximum damage
California went ahead with its extreme minimum-wage mandate and fast-food companies and residents are beginning to suffer with high prices, job cuts and business closures.
www.foxbusiness.com
As noted in a similar article I posted on Bizdustry, it just doesn't work. I mean, the problem that needs addressing is the inflation, not the minimum wage. Well, what I suspect, homes are not being built and food isn't being grown and the first one is a verifiable fact.
I'm thinking if homes aren't being built (reducing rent would enable people to handle high food prices, at least), then why not remake zoning laws? Why not make an effort to get more people in construction? I mean, a lot of people need the money.
