DOG BITES MAN: Surprise! Leftist minimum wage policy backfires in Seattle suburb.
“Are you happy with the $15 wage?” I asked the full-time cleaning lady.
“It sounds good, but it’s not good,” the woman said.
“Why?” I asked.
“I lost my 401k, health insurance, paid holiday, and vacation,” she responded. “No more free food,” she added.
Earlier: Why Are There So Few Job Losses from Minimum-Wage Hikes? “Past experience has confirmed the nonmonetary impact of a minimum-wage hike on workers, not only in reduced fringe benefits but in increased work demands and decreased job training.”