Applebee’s Franchise Owner Forced To Cut 1,000 Jobs After New York’s Minimum Wage Hike

By Andrew Kerr – Re-Blogged From Western Journalism

The CEO of Apple-Metro Inc., a company that operates about 40 Applebee’s restaurants in the New York metropolitan area, said he’s been forced to cut at at least 1,000 servers in the past year as a result of New York’s recent minimum wage hike.

“We have 1,000 less servers this time this year than we did this time last year,” Zane Tankel told Fox Business’ Stuart Varney on Monday.

That amounts a two-thirds reduction of his total workforce, Tankel said. Continue reading

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Minimum Wage Hurts More Than it Helps

By Jeremy Frankel – Re-Blogged From iPatriot

There has been much discussion and debate over whether to raise the minimum wage, and this debate is still going strong.

The positions range from minimum wage advocates who are part of the #FightFor15 movement, claiming that everyone should make enough money to live on; to opponents of a minimum wage, who believe that minimum wages are counterproductive to both employees and businesses, in the sense that anyone whose work isn’t worth the minimum wage wouldn’t be hired, or that the business cannot afford the minimum wage and therefore, no one has a wage at all, since the business cannot operate.

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McDonalds Reacts To $15 Minimum Wage, Announces All U.S. Stores To Be Automated

By Jeff Dunetz – Re-Blogged From The Lid

This post comes from the “Department Of I Told You So.”  Back in August we reported that a Heritage Foundation study looked at the effect of the $15.00 minimum wage on a state by state basis the progressive program would put between 7 and 9,000,000 Americans out of work. The first indication that the unemployment wave may be happening is the latest news that McDonald’s is planning to expand its digital self-serve ordering stations and table service to all of its 14,000 stores in the U.S.

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Can The “Rig” Survive An Economic War?

By Bill Holter – Re-Blogged From http://www.Silver-Phoenix500.com

I did not plan to write another public article so soon after the last one. However, today’s topic(s) are very important and very connected in my opinion.  I apologize for the length…but I can’t make this stuff up, I just try to tie it together.  First, we have been hearing the word “rigged” on a daily basis and pertaining to many facets of our life.  We hear the word regarding markets, politics (specifically elections), our rule of law and judicial system, and even when it comes to lawmakers and bribery.

Bill Gross formerly of PIMCO, at one point managed the largest pool of money on the planet. He is no fool.  I would also believe because of his fame, tenure and reputation, he would not lightly claim that markets are “rigged”.  Not only has he claimed this for several months, he now says THE FED “has mastered market manipulation”!  https://finance.yahoo.com/news/bill-gross-fed-mastered-market-115839451.html   Please understand this is a VERY BIG statement on his part as he is (was?) a member of a very exclusive club (and we ain’t in it).  Do you suppose he would risk his reputation and inclusion in “the club” lightly on just a suspicion?  Or do you believe he is a man who firmly believes what he says and does so out of a steadfast conscience?

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