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Minimum wage hikes hurt companies, employees and the low skilled...

Eagle

Eagle

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Starbucks, Walmart, Seattle, DC..... the list goes on. Wages go up, workers go down. Stores close. Businesses move.... You can NEVER separate compensation from production.


One year later, something "unexpected" has happened as a result of the Schultz' all too eager push to "share" his company's success by hiking minimum wages, namely the realization by the company's employees (if not so much the CEO, management and certainly shareholders) that total compensation is a function of two things: hourly wages and number of hours worked.

As Reuters reports, an online petition accusing Starbucks of "extreme" cutbacks in work hours at its U.S. cafes, hurting both employee morale and customer service, has been signed by more than 9,000 people. Suddenly Starbucks' eagerness to raise its wages becomes all too clear: after all, it would merely have to reduce work hours, to keep profitability humming....

http://www.zerohedge.com/news/2016-...happened-after-starbucks-raised-minimum-wages
 
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