Socialism claims another business

Sure, that might be an intelligent take if we hadn't seen decades old successful business owners go out of business due to artificially increased minimum wages.

No, really hh, brilliant take…………. if you are an idiot.

Wow, a classic socialist take ern. Screw the little guys. The government has involved itself in private businesses again. The history of those failures by government are consistently tragic and wrong. But what do you care? The big bad socialists like picking on the little guys. Precisely why you lost this last election. Will you idiots ever learn or are you doomed to continue making disastrous decisions ?

Ern and hh, I am providing you an opportunity to educate yourself. We all know you don't care about the small businesses and the workers they employ, your government control over the private sector is what gives you people chubbies but you might attempt to practice a little empathy for those that lost jobs due to your socialist governments in rat infested states.

Having owned a small and successful business, I can tell you that if a government like the State of CA had forced an unacceptable wage increase on me, it would have been disastrous and would have cost 40 people I provided healthcare and a future, their livlihoods.

Paying some individual $20 per hour to load fries into a basket is not helping anyone.

Minimum Wage Hikes Are Leaving Casualties in their Wake - MinimumWage.com

Decades of economic research has documented how minimum wage hikes cause employment loss and business closures. In a year with a record number of wage hikes and historic inflationary increases, 2023 has seen mass business casualties, particularly for the restaurant industry, as a result of the activism for higher wage mandates.

In 2023, 89 states, cities, and counties raised their minimum wages. Eighty-three also raised their tipped wages for servers and bartenders.

A review of economic analyses spanning thirty years shows an “overwhelming majority” of studies find minimum wage hikes cause job loss, in part because affected establishments are forced to close. Another study published by Harvard Business School finds every $1 increase in the minimum wage increases the likelihood of business closure by 14 percent.

Areas debuting new wage hikes in 2023 were not immune. Media recaps of the outgoing year have one thing in common: rising costs are forcing restaurants and other businesses to shutter for good. See how these consequences played out in real time across the country.

California: The Golden State had the highest minimum wage in the country this year, with no tip credit allowance for employers of tipped staff.

• The Los Angeles Times dubbed 2023 “The Year that Killed L.A. Restaurants,” citing businesses were “kneecapped” by inflation, rising labor costs, union strikes, and other factors.
• Eater LA mourns a “tough, complicated year” marked by the loss of some of the city’s “most well-known dining establishments” to the epidemic.
• SF Gate called the state’s restaurant closure epidemic “a mass exodus,” as “operating a restaurant in Southern California is becoming next to impossible.”
• The San Francisco Chronicle maintained that restaurant closures “remained a constant” since 2022.
• The Orange County Register called the Golden State “one of the priciest places to run a restaurant” due to a slew of burdensome real estate prices, permitting regulations, and ever-increasing labor costs.
• CBS Sacramento blames “high cost of food, labor” for restaurant closures that occurred this year, calling the new statewide wage hike up to $16 per hour “a perfect storm” for impacted businesses. Restaurant owners say “operational costs are out of control,” which have actually caused constant turnover due to cost cutting measures to try to adapt to cost increases.

Seattle: Seattle had one of the highest local minimum wages in the country this year, and

• Eater Seattle maintains that though the city has generally recovered from pandemic lockdowns, the restaurant industry “remains on uncertain ground,” primarily citing pressures from rising food and labor costs. One operator said the staffing issues had caused “a tremendous strain”. Eater staff and others note that in looking ahead to 2024, many local restaurants “still struggle” with staffing issues and are “barely surviving” despite increases in menu prices.
• The Seattle Times documents “significant blows” to the city’s dining scene, documenting at least 30 restaurant closures in the city this year.