COLOR ME SHOCKED: Minimum wage hikes are causing restaurants to close, costing jobs

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The left will never tell you this. ​AOC’s own previous employer “The Coffee Shop” closed because of the rise in minimum wage:

Quotes from the Forbes article:

New York’s minimum wage law would have added $46,000 a month to his labor costs in 2019. Milite said: “I know it doesn’t sound like much — $2 an hour. But when you multiply it by 40 hours, by 130 people, it becomes a big number. It was going to increase our monthly payroll $46,000.”

And yet, even this high level of sales wasn’t enough to inoculate the business from the rising cost of rent and wages in New York. Coffee Shop co-owner and president Charlies Milite told Forbes that rent had become “unusually high,” accounting for close to 27% of the restaurant’s gross revenues. Add in the scheduled $2-per-hour minimum wage hike set to take place on December 31—an increase that, across Coffee Shop’s 150 employees and multiple dayparts of service, would have added $46,000 to the monthly payroll—made it impossible to break even by cutting costs elsewhere.

Also the CBO study estimates anywhere between 1.3-3.7 million job losses if the minimum wage increased. Source:

Also why are we doing this from a federal level instead of state level? Cost of living vastly different. SF vs Texas.

Some people might get a small raise while others will get a 100% decrease.



h/t iRubGuacOnMyArmpits


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