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Berkeley spelled out quite clearly why they cut 500 jobs, and it had nothing to do with the $15/hr minimum wage (which is nowhere near that amount yet anyway).
Classic attempt by a conservative rag to create a correlation where none exists. It's their speciality.
Unless all who were laid off were minimum wage workers, the article is meaningless. Not everyone who works at Berkeley are minimum wage workers. With that said, I think the $15 minimum is absurd.
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News Flash:
When you arbitrarily raise the minimum wage to $15.00/hr, the people who were making close to $15.00 are going to expect a considerable raise.
If an employer wants to keep good people they will have to figure out ways to keep the people who are worth it. One way to do this is to cut the dead wood and get rid of those workers whose productivity does not generate enough to cover their wages.
Throw in the costs of benefits and soon you are looking at an entire workforce whose productivity has to generate at least $20.00/hr worth of income for them to be viably employable. Throw in profit margins necessary to stay in business and that number probably jumps to $30.00/hr or more.
Would dropping minimum wage to 1/10th of a cent = conservative utopia?
Alabama, Florida and Mississippi... Real powerhouse economies there...
No one would work for 1/10 of a cent. Just like 99% of people don't work for minimum wage. The lack of knowledge on economics by the liberals on here is shocking.
Point of the matter, just about all minimum wage increases are phased in over years. It's not like it will jump up to $15/hr tomorrow.
$14 this year, $15 next year. A 67% increase per your link.
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