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Promises, Promises

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Seattle Wage Hike Off To ‘Pretty Bad Start’ 

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Connor D. Wolf reports: Seattle, which recently passed a $15 minimum wage, has seen the loss of 700 restaurant jobs despite the rest of the state seeing huge increases, according to a Wednesday report.

In its report, the American Enterprise Institute looked at restaurant job growth in both Seattle and the rest of Washington. The state itself has gained 5,800 industry jobs since January. Seattle, however, lost 700 jobs in the same time. The state minimum wage is $9.47. Back in June Seattle passed its own minimum wage of $15 an hour. The city ordinance is designed to phase in over the course of several years. It will reach $15 an hour by 2017 for most employers.

[Read the fully story here, at The Daily Caller]

“One likely cause of the stagnation and decline of Seattle area restaurant jobs this year is the increase in the city’s minimum wage,” the report speculated. “It looks like the Seattle minimum wage hike is getting off to a pretty bad start. Especially considering that restaurant employment in the rest of the state is booming, and nearly 6,000 more restaurant workers are employed today than in January.” Read the rest of this entry »


‘Hard Times’: Stunning Development for Utopian Seattle CEO Who Set Firm’s Minimum Wage to $70,000 a Year

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Price said McMaster and Moran, or even critic Rush Limbaugh, the talk show host, were not wrong.

The Seattle CEO who reaped a publicity bonanza when he boosted the salaries of his employees to a minimum of $70,000 a year says he has fallen on hard times.

“I’m working as hard as I ever worked to make it work. I’m renting out my house right now to try and make ends meet myself.”

— CEO Dan Price

Dan Price, 31, tells the New York Times that things have gotten so bad he’s been forced to rent out his house.

Only three months ago Price was generating headlines—and accusations of being a socialist — when he announced the new salary minimum for all 120 employees at his Gravity Payments credit card processing firm. Price said he was doing it, and slashing his $1 million pay package to pay for it, to address the wealth gap.

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“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump.”

— Gravity financial manager Maisey McMaster

“I’m working as hard as I ever worked to make it work,” he told the Times in a video that shows him sitting on a plastic bucket in the garage of his
rush-limbaugh2house. “I’m renting out my house right now to try and make ends meet myself.”

“Now the people who were just clocking in and out were making the same as me,” he told the paper. “It shackles high performers to less motivated team members.”

— Grant Moran, 29, who also quit

The Times article said Price’s decision ended up costing him a few customers and two of his “most valued” employees, who quit after newer employees ended up with bigger salary hikes than older ones.

“He gave raises to people who have the least skills and are the least equipped to do the job, and the ones who were taking on the most didn’t get much of a bump,” Gravity financial manager Maisey McMaster, 26, told the paper.

She said when she talked to Price about it, he treated her as if she was being selfish and only thinking about herself.

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“There’s no perfect way to do this and no way to handle complex workplace issues that doesn’t have any downsides or trade-offs.”

— Dan Price

“That really hurt me,” she said. “I was talking about not only me, but about everyone in my position.”

“Dan Price, 31, tells the New York Times that things have gotten so bad he’s been forced to rent out his house.”

Approaching burnout, she quit.

Grant Moran, 29, also quit, saying the new pay-scale was disconcerting. Read the rest of this entry »


Economics: $34 Billion Headline of the Day

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City of the Future

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[VIDEO] Reason TV: Jason Brennan on Why Capitalism is Better than Socialism


The Campus Utopians

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The Left seems to think you can change reality the way you change your major.

Jonah Goldberg writes:  A few years ago, I shot a man in Reno just to watch him die. But that’s not important right now. Around that time, I also wrote a piece for the magazine about the new utopianism of American liberalism. In short, I think you can judge every progressive “ism” by its Utopia. What’s vexing about contemporary liberalism is that it doesn’t admit its Utopia forthrightly. The Marxists were honest about the dream of the classless society blooming from the withered-away state.

[Jonah Goldberg’s latest book: “The Tyranny of Cliches” is available at Amazon.]

The Social Gospel progressives openly promised to create a “Kingdom of Heaven” on earth (Obama did once slip and say that we can create a “Kingdom here on earth,” but he’s usually let his followers fill-in-the-blank about why, exactly, we are the ones we’ve been waiting for). To their credit, the transhumanist types are honest about their utopianism; that glorious day when we can download our brains into X-boxes and Vulcan mind-meld with the toaster.

Read the rest of this entry »