1400 Washington DC jobs lost to escalating minimum wage hike

From Tyler O’Neil at PJ Media,

D.C. Restaurants Lose 1,400 Jobs Amid Minimum Wage Increase

In the first six months of 2016, leading up to a $11.50 per hour minimum wage, Washington, D.C., lost 1,400 restaurant jobs, according to the Bureau of Labor Statistics. This is a full 2.7 percent decline in food service jobs in two quarters, the largest such drop since the 2001 recession 15 years ago. In fact, this is the first time since 1991 that restaurants lost jobs in five of the first six months of a year. Even the 2008 recession pales in comparison to this loss of employment.

The decline in such jobs appears limited to the confines of the district. In the Maryland and Virginia suburbs surrounding D.C., restaurants added 2,900 jobs during the first six months of this year. In Virginia, the state minimum wage is only $7.25 per hour, 37 percent below D.C.’s, and in Maryland the state minimum wage is $8.75 per hour (although two counties, Montgomery County and Prince George’s County, have scheduled increases to bring their local minimum wage up to $10.75 per hour).

As Mark Perry, a scholar at the American Enterprise Institute (AEI) and a professor of economics and finance at the University of Michigan, explained, the circumstances provide “a natural experiment to test for the employment effects of DC’s minimum wage law,” and those seem 100 percent negative. More.

Reality check: From the progressive perspective, it doesn’t matter and will not affect their electoral chances. The unemployed slowly transition to a dependent existence, far more in need of progressive policies that they ever were before. Their children grow up knowing nothing else. Having no needed skills to market, they will market identity, grievances, and entitlement.

All of which, progressive government is better prepare to cater for than any government that would encourage initiative in the pursuit of prosperity.

See also: See also: Minimum wage hike is part of planned jobsolescence

  • seaoh

    My favorite economics video for low info voters

    • Billy Bob Thornton

      Where are all the workers? Looks like the future for capitalism is pretty bleak. Millenials should not have too many children to almost none because their children will not have any future. Even in just 6 to 7 short years capitalism is showing that it has no more stable foundation left. It is a dead system!

  • Samuel Q-L

    Let’s not forget about labour unions. Unions are dangerous! – http://wordsofdissent.com/why-republicans-hate-unions-they-are-a-threat-to-corporate-control/

  • Clausewitz

    Pricing yourself out of the job market never works. Just ask an American Steel worker. Errrr, never mind, you can’t find one.

  • Billy Bob Thornton

    The future of capitalism with it being a race to the bottom is about eventually having no more workforce. In Business Administration our professor even reiterated that with automation and the workforce getting worse and worse expect people to demand better wages, and people will demand it or capitalism cannot survive. That was his exact answer, and if capitalism does not work for people it deserves to fail and collapse. He used those words and they are true because it has been stagnation since 2008-09.