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From the annals of instant karma, because you know all those minimum wage workers were supporting the increase. Five hundred of them lost their jobs.
UC Berkeley Touts $15 Wage Law, Then Fires Hundreds After It Passe | Stock News & Stock Market Analysis - IBD
Except, of course, in liberalandia, where good intentions are all anyone needs. Berkeley was already in financial trouble. It simply could not go further into debt to keep those people employed. Eventually you run out of other people's money.
UC Berkeley Touts $15 Wage Law, Then Fires Hundreds After It Passe | Stock News & Stock Market Analysis - IBD
Ken Jacobs, chairman of the UC Berkeley center, told the Los Angeles Times, “This is a very big deal for low-wage workers in California, for their families and for their children.”
It is a big deal, as well, to those soon to be out of work UC Berkeley workers.
But why is anyone surprised about jobs cuts following a wage hike? It’s one of the most basic laws of economics. Any high school kid taking Econ 101 can explain it: If you raise the price of something, demand goes down.
Except, of course, in liberalandia, where good intentions are all anyone needs. Berkeley was already in financial trouble. It simply could not go further into debt to keep those people employed. Eventually you run out of other people's money.