Tuesday, July 28, 2015

Dunkin' CEO: $15 min wage is 'outrageous'

News
If market forces, i.e. selling food for a profit rather than loss, cannot support $15 per hour fast food wages, then companies will invest in automation that requires no benefits and lots of layoffs. Every legislative move designed to 'buy' votes or enact a policy of 'fairness' upon society carries unintended economic consequences. Will investment in automation be restricted revenues collected through payroll taxes declines? While these types of policies mark the beginning of the end of big government, they're still embraced by the majority. That is, until the economic and job creation start to contract despite promises never-ending prosperity.

Headline: Dunkin' CEO: $15 min wage is 'outrageous'

Dunkin' Donuts' top executive says a $15 minimum wage for fast food workers is "absolutely outrageous."

On Thursday, New York state's wage board recommended fast food workers make at least $15 per hour. The board said it should happen by the end of 2018 in New York City.


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