"The problem is that a higher legal minimum wage is at odds with the prevailing supply of and demand for labor. If you set the minimum too high, you will get a shortage of jobs. Forbidding employers from paying $9 or $12 an hour means that many of their workers won't get $13 or $15 an hour. They will get zero per hour, because those jobs will disappear.
Some businesses will reduce staffing or hours. Some will scrub expansions they had planned. Some will install machines to handle tasks previously assigned to humans. Some will shut down."
"Some of these consequences have already occurred in Seattle. One pizzeria owner, employing 12 people, told NPR her choice was to go back to working 60 to 80 hours a week or close. She's closing.
"Even Seattle's best-known chef, Tom Douglas, says he may have to close some of his 15 restaurants," it reported. If a famous restaurateur can't make it work, how will obscure ones fare?"
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