Burger Chain Slams Biden’s ‘Catastrophic’ $15 Minimum Wage

(WND) Many employers and employees over the past several years have pointed to experience as the reason they oppose a $15 minimum wage, which forms the core of Joe Biden’s proposed $1.9 trillion economic stimulus and COVID-19 relief plan.

Last month, Jamie Richardson, vice president of the White Castle hamburger chain, told CNBC’s “Closing Bell” that raising the federal minimum wage from the current $7.25 an hour would forced the closure of nearly half of his company’s locations and lay off thousands of workers.

“To more than double the federally mandated starting wage wouldn’t be bad for White Castle, it would be absolutely catastrophic,” he said.

More than 200 of White Castle’s 406 locations across the United States would close, with any remaining locations “glowing embers.”

“They would be dying stars,” he said.

Richardson said the move would be unsustainable and result in teenage unemployment. White Castle, he said, is often able to retain teens, and he boasted that 1 in 4 employees had been with the company for 10 years or more.

WND reported in 2017 a study showing that over the past 30 years, minimum-wage increases had reduced employment.

In fact, the popular Coffee Shop restaurant in New York City — which notably once employed minimum-wage champion Rep. Alexandria Ocasio-Cortez — went out of business last year after its co-owner cited New York City’s minimum-wage hike as the primary reason.

And it wasn’t the only casualty, as New York City experienced a “restaurant recession” after the mandatory wage increase.

[Read more…]


Worry About the Right Thing with Estate Taxes

(Liz Weston, Nerd Wallet) Death and taxes may be the only certainties in life, but death taxes are only a remote possibility...

The Media’s Shameful Cover-Up of Andrew Cuomo’s Nursing Home Scandal

(Media Research Center) The scandal surrounding New York Governor Andrew Cuomo’s mishandling of nursing home patients during the early weeks of the...

Bullion Banks Sell Even More Silver: Do They Have It?

(Clint Siegner, Money Metals News Service) Anyone with a naked short in the silver futures market risks getting squeezed by physical buying. Demand...

Texas Power Company Seeks Bankruptcy Protection After Storm

(Associated Press) The largest and oldest power cooperative in Texas is filing for Chapter 11 bankruptcy protection, citing last month's winter storm...

Affluent School District CANCELS Dr. Seuss for ‘Racial Undertones’

(Joshua Paladino, Headline USA) The far-left education group Learning for Justice has told schools not to emphasize Dr. Seuss on Read Across...