EconomicPolicyJournal.com: California Town Sees Businesses Vanish Following Minimum Wage Hike

Representatives from the Mills College Lokey School presented data from its recent ‘business conditions’ survey to our City Council on Tuesday. The study confirmed what restaurant owners warned when the ordinance was hastily passed in 2015. They are struggling, rapidly raising menu prices and increasingly looking to leave. …It’s getting harder to find small food service businesses that were around in 2015 when the MWO was passed. Emeryville institution Bucci’s, Commonwealth, Farley’s, Scarlet City … all gone. In fact, nearly all the brick & mortar businesses that comprised the short-lived Little City Emeryville small business advocacy group have moved, folded or sold. …The survey also identified that “the restaurant industry is clearly struggling.” Specifically, small, independent, non-franchise establishments are having the most difficulty.

Source: EconomicPolicyJournal.com: California Town Sees Businesses Vanish Following Minimum Wage Hike

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The politicians and bureaucrats don’t understand the Laws of Economics are just like the Laws of Physics and not like the “Laws” that Gooferment passes.

It’s really unfair to use the same word “law” to apply to the fundamentals of the Universe and the diktats of politicians!  If the Eskimos can have a lot of words for snow, then the English language should have two different words for “Universal Laws” and “political diktats”!

Argh!

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