NYC restaurants cutting hours as $15-per-hour minimum wage hits

Leftists do not understand economics.

New York City's mayor, Bill De Blasio, spent his honeymoon in Fidel Castro's Cuba.

You know where his mind lies.

From CBS News:

The legal minimum wage for New York City employers with 11 or more workers rose more than 15 percent on Dec. 31, 2018, to $15 per hour from $13, giving fast-food, retail and other employees a bump in pay. But some New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers' hours just to stay afloat.

It's the third rise in the city's base wage since Dec. 31, 2016, when it went to $11 an hour. The latest increase is part of a plan that phases in minimum wage hikes across New York state, with amounts and effective dates varying by region and industry. It's not just a New York phenomenon, however: Minimum wages rose in 20 states with the new year, forcing businesses across the country to grapple with higher payrolls -- and compete for workers with giants like Amazon that are already offering $15 an hour.

Jon Bloostein operates six New York City restaurants that employ between 50 and 110 people each. The owner of Heartland Brewery and Houston Hall, Bloostein said the effect of the higher minimum wage on payroll across locations represents "an immense cost" to his business.

"We lost control of our largest controllable expense," he told CBS MoneyWatch. "So in order to live with that and stay in business, we're cutting hours."

In my state, Illinois, the new Democratic governor, JB "Jabba" Pritzker, favors a $15-per-hour minimum wage. Illinois is already losing population.