A video from Fox News caught my attention because it was talking about the rise in fake beef burgers. But the real meat of the story came closer to the end of the interview with former McDonald’s USA CEO Ed Rensi as he discussed the prospects for restaurants that are being hit with minimum wage increases.
From coast to coast, cities and entire states made moves to increase their minimum wage as the left progresses towards $15 per hour across the board. This would be an economic mess if ever integrated across the country. Thankfully, the chances of that happening any time soon are very slim. However, as the nation embraces more socialistic principles, even if they don’t fully understand what they entail, it’s not out of the question we could see this job-killing practice spread.
It’s a case of denial. Anywhere the minimum wage has been raised so high, many industries and their (former) employees suffered. The restaurant industry in particular is plagued with low margins before the pay increases. Once they’re added, it’s becoming increasingly impossible to make a living by running a restaurant.
Rensi details the challenges faced by an industry that is besieged by progressive economic policies, including increased minimum wage. If the trend continues and most areas adopt the practice, red states may soon have the food market cornered.
We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.
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