-- Connecting the dots between our economy, government and business --
Mayor Lori Lightfoot’s plan to raise Chicago’s minimum wage to $15-an-hour by 2021, but maintain a “sub-minimum wage” for tipped workers, cleared a key legislative hurdle on Monday to cheers from restaurant owners.
That’s not good enough to satisfy Ald. Carlos Ramirez-Rosa (35th). He argued again Monday that eliminating the “sub-minimum wage” and phasing in a $15-an-hour wage for all workers was imperative to “reduce workplace sexual harassment” and eradicate a two-tiered system that “leaves black and Latino women in the service industry behind.”
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
Raise the cost of something and less of it will be demanded in a market.
Anyone who thinks raising the minimum wage to $15 won’t reduce low-skilled employment (jobs) should try to explain why they stop at $15. Why not $30? Or $60/hr? What’s the magic number? All this is doing is pushing more and more labor to robotics.