Minimum Wage Falsehood
Armstrong & Getty On Demand
iHeartPodcasts
4.6 • 3.5K Ratings
🗓️ 2 October 2019
⏱️ 8 minutes
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| 0:00.0 | This happened a couple of places we've followed. |
| 0:04.6 | They raised the minimum wage in San Francisco a few years back. |
| 0:07.5 | And then I was happy to see that even in that liberal city with that liberal |
| 0:11.6 | newspaper, the San Francisco Chronicle, they pointed out the damage it did to a |
| 0:15.7 | whole bunch of different small businesses. |
| 0:17.2 | I remember a particular bookshop that had to close and restaurants and little |
| 0:21.6 | shops like that really suffer when you raise the minimum wage. |
| 0:24.6 | Right. |
| 0:25.1 | And it hurts a lot of employees. |
| 0:26.8 | Well, now it's happened in New York City. |
| 0:29.3 | 15 dollar minimum wage hike is hitting and hurting NYC restaurants. |
| 0:33.8 | This article came out in the New York Post over the weekend. |
| 0:36.3 | Big, big Apple restaurants are feeling the heat from minimum wage hikes |
| 0:40.2 | cutting staff hours and even closing kitchens as they struggle to shoulder the |
| 0:43.7 | extra payroll costs. |
| 0:45.8 | They point out this particular restaurant and Keela bar on the Upper West Side, |
| 0:51.5 | which has been a taco staple for the last 25 years. |
| 0:55.6 | It's closing at the end of September, according to its owners because of the |
| 0:59.5 | 15 dollar minimum wage hike, long painful road downhill, |
| 1:05.0 | since the minimum wage hit, the owners say they've been forced to slash their |
| 1:08.2 | full and part time staff to 45 people from 60. |
| 1:12.3 | Well, that that did, you know, despite what Elizabeth Warren and Bernie Sanders |
... |
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