One constant that is proven is that the extra cost will be paid by customers. So, how many workers’ hours are reduced or how many become unemployed because of Amendment 2 passing is an unknown; however, additional costs will be transferred to customers at the retail level, eating at restaurants, etc.
Congressional Budget Office
Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws. The company, which has operated since the Lyndon Johnson Administration, said rising labor costs—part of… Read More ›
The Republicans have so forgotten how to control spending, even when they try something conservative it is not really conservative. Consider the House GOP’s proposed reforms to the food stamp program in the upcoming farm bill. The GOP wants to… Read More ›
The Congressional Budget Office has just released the 2016 version of its Long-Term Budget Outlook. It’s filled with all sorts of interesting data if you’re a budget wonk (and a bit of sloppy analysis if you’re an economist). If… Read More ›
Yesterday, President Barack Obama made a rousing speech in the White House Rose Garden late yesterday, April 1, 2014, touting the resounding success of the Affordable Care Act a/k/a Obamacare. He said, “…despite several lost weeks out of the gate… Read More ›