Minimum Wage Hikes in NYC Are Forcing Businesses to Cut Jobs and Raise Prices ~ At the end of 2018, New York City raised the minimum wage to $15.00/hour. Here’s the predictable fallout ~

According to The Wall Street Journal, entrepreneurs across the city are having to make tough choices to the detriment of their employees in order to stay solvent. Thomas Grech, the president of the Queens Chamber of Commerce, told the Journal that small businesses have been shuttering over the last six to nine months, which he blamed on the minimum wage legislation.
 
“They’re cutting their staff. They’re cutting their hours. They’re shutting down,” he said. “It’s not just the rent.” Businesses with 11 or more employees were required to raise the minimum wage to $15 on December 31, 2018, while businesses with 10 or fewer workers will have to do so at the close of this year […]
 
According to the 324 full-service dining establishments surveyed (by the New York Hospitality Alliance), 75 percent plan to cut hours and 47 percent forecast eliminating some positions entirely in response to the minimum wage increase. What’s more, 87 percent said they would need to raise prices to stay above water.

 
The Left always wants to “fix” everything. Which usually causes undue pain and misery. On the other hand, successful people, and successful societies, accept reality as they find it – and adapt accordingly.
 
You can’t “fix” reality. You’ll find life much more agreeable if you adjust your worldview to correspond to it.
 
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Related:
Secularists’ Strange Relationship With Reality ~ Tom Gilson discusses Truth in the light of eternity ~

(D)espite all their strange relationship with reality, secularists won’t be able to duck it for long. No one can. Reality has a way of imposing itself on all of us. Whether we like it or not.

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Updated: 8-19-19
Added: Sanders Campaign Collides With Economic Reality ~

(July 22, 2019) News leaked last week that staffers working for Sen. Bernie Sanders’s presidential campaign were frustrated and complaining about receiving “poverty wages.” The irony is rich: Sanders the millionaire socialist has long railed against corporations for paying “starvation wages” as he stumps for a $15 minimum wage, but he was exposed as a hypocritical political hack.
 
In response to the embarrassing news, Sanders insisted over the weekend that his staffers would now be paid the promised $15 minimum wage, though this announcement came with a significant caveat: staffers’ hours would be cut to pay for it.