Fast food worker strikes spread to Chicago

marfdrat

Rick Moran  "Functionally illiterate people cannot make $15 an hour in any economy, much less one as competitive as the US. When you divorce skills and aptitude from the economics of running a business, a company will fail. The profit margins for fast food franchises is very small and even small increases in wages for employees will impact the cost of products."

"This doesn't matter to the community organizers. They are not interested in keeping companies in business. In fact, their hatred of capitalism is driving them to force companies out of business. Of course, if they are successful, the companies will cut hours and hire fewer workers - unless the workers successfully organize a union, in which case, fast food restaurants would soon become extinct. "

San Francisco Mandates $10 Minimum Wage. Why Not Make it $25, or $50?   "This doesn’t change the point of the post, which is that government interference in labor markets creates unintended consequences – namely, higher unemployment for low-skill workers."