At A Minimum
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What to Know: Unsurprisingly, when cities like New York raise the minimum wage, hours and employment are affected.
“New York City’s fast-food industry has served as a laboratory for the nation’s labor movement for the last several years,” the New York Times reports. “Its workers were the first to stage rallies demanding a minimum wage of $15 an hour. Then, they pressed for changes in the way national restaurant chains set their work schedules. Now, they are asking the City Council to shield them from being fired without a valid reason. That protection, the sort of job security that unions usually bargain for, would be a first for a city to provide to workers in a specific industry, labor law experts said.”
The TPPF Take: It’s simple economics; raising the cost of labor means you get less of it.
“Everyone else—aside from the politicians and labor unions pushing for minimum wage hikes—knew to expect this,” says TPPF’s Vance Ginn. “Texas should take this lesson to heart. Voluntary exchange is the best way for workers and employers to satisfy their needs, not arbitrary government controls.”
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