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Some tend to tip less when they know wages are up. Oops!

Another central planning success story.

https://www.economicpolicyjournal.com/2019/05/new-york-city-restaurant-jobs-are.html

The New York City minimum wage has been exploding:

….and restaurant jobs in the city have crashed.

The collapse of NYC restaurant jobs continued in April, according to new BLS data published today. Compared to a year ago, full-service restaurant jobs are down by more than 6K, or a loss of 17 jobs every day, the worse job losses since 9/11 and the 2001 Recession. 🤔 pic.twitter.com/JFWBfFUpCe

— Mark J. Perry (@Mark_J_Perry) May 17, 2019

In addition to the general minimum wage of $15.00 for large employers,  restaurant employers are required to pay servers and bartenders who generally get a lower hourly base pay but substantial tips, $10 an hour, a 16 percent jump from the previous $8.65 per hour mandate.

Is it any wonder the jobs are disappearing, with restaurants running with less staff?

–RW

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