Tuesday, April 29, 2014

Businesses close in wake of Obama executive order

President Obama's executive order requiring higher minimum wage for employees of federal contractors is already having an impact. 

People are losing their jobs as companies begin retreating from doing business on federal installations.

Byron York at Examiner.com notes:
In late March, the publication Military Times reported that three McDonald's fast-food restaurants, plus one other lesser-known food outlet, will soon close at Navy bases, while other national-name chains have "asked to be released from their Army and Air Force Exchange Service contracts to operate fast-food restaurants at two other installations." 
Military Times quoted sources saying the closures are related to the coming mandatory wage increases, with one source saying they are "the tip of the iceberg."
More unemployed people. Fewer meal time choices. Seems to fit right in with what Mr. Obama promised in 2008 when he spoke of fundamentally changing the United States of America.

1 comment:

  1. Hey Doug;

    The bad thing is when I check out Facebook, the democrats are trumpteting that Obama cares for the "little people" and getting them a living wage. The low information votors will buy on this and help to reelect democrats. They don't realize that if there is an artificial wage increase, several people will lose their jobs as the wage increase goes into effect. there will be fewer people working harder because the market will not support a wage increase. and there will be more people looking for another job. The unions love this because it will help them negotiate with whom ever the job provider is because their wages are tied into the minimum wage, if there is an increase in the minimum wage, they get a raise and if they are public sector workers....it will be even more...so your taxes will go up to support the wage increase.