Wednesday, May 27, 2015

“Restaurants are closing at higher than normal rates.”

Lower Minimum Wage To $0
Katie Kieffer

If you love In-N-Out burgers and care about the workers who flip your burgers, then you should support a minimum wage of $0.

Deep down, I know you’re tired of seeing actors jump up and down for TV cameras while waving professional signs that read: “McGreedy! McStingy! McPoverty!” or “McShame. McDonald’s. Raise That Wage.”

You weren’t born yesterday. You doubt that these protestors come up with these slogans on their own or fashion them into makeshift signs with their own cardboard, sticks and markers. You suspect they were given signs and paid to wave them. Indeed, in recent protests, 84% of McDonald's "protesters" were not real McDonald's employees but paid and trained professional rioters.

Professional rioters pout and shout in public for a one-time cash payment—not a cause. Since rioters are not entrepreneurs, they do not empathize with the challenges of competing in the restaurant business where profit margins hover at 4%. Nor do they understand the feat of turning a profit while relying on a staff of over-paid and inexperienced high school students.

Greed clouds the intellect of many professional wage protesters. For, reason as well as the Fourth Amendment tell us that every American business owner has a natural right to spend their private property (or cash) on employee wages as they see fit.

Los Angeles’ current minimum wage is above the Federal minimum of $7.25. Last week, the Los Angeles city council voted to raise its minimum wage to $15 an hour. Los Angeles is a city of nearly 19 million. According to TIME, a maximum of 800,000 people—or about four percent of the city’s population—will benefit.

Besides “benefiting” up to 800,000 people, the wage hike will eventually hurt an untold number of people. Prepare to see (and smell) more wrinkly clothing and shaggy hair when Los Angelenos delay trips to the dry cleaners and barber.

Joking aside, we have recent a case study of what happens when we jack up the minimum wage. After the city of Seattle, Washington raised its minimum wage to $15, Forbes reported: “Restaurants are closing at higher than normal rates.”

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