150 workers lost their jobs at The Coffee Shop in Manhattan due to skyrocketing rents…and the increased minimum wage.

But for someone who thinks “Unemployment is low because everyone has two jobs,” she could probably not understand the connection between raising the minimum wage and job loss.

But… Yay Socialism!

Via Free Beacon.

Socialist New York congressional hopeful Alexandria Ocasio-Cortez lamented the closing of her former employer but glided over the fact that it was closing because of the minimum-wage hikes she supports…

“The restaurant I used to work at is closing its doors. I swung by today to say hi one last time and kid around with friends like old times,” she said on Monday. “I’m a normal, working person who chose to run for office, because I believe we can have a better future. You can do it too. We all can.”

Her former employers announced the closure of the eatery in July, blaming in part the policies that Ocasio-Cortez has campaigned on. The Coffee Shop co-owner and president Charles Milite told the New York Post that escalating rents as well as New York’s minimum-wage hikes were to blame for shuttering the company, which employed 150 workers….

Labor watchdogs said that Ocasio-Cortez’s talk of a better future for everyone does not square with the experience of large minimum-wage hikes like the $15 hourly rate she supports. Michael Saltsman of the Employment Policies Institute said politicians are to blame for the closure of businesses like The Coffee Place, which had survived for nearly 30 years. Saltsman said that rather than visiting her soon-to-be unemployed coworkers, Ocasio-Cortez should reevaluate her approach to economic regulation.

“Ocasio-Cortez’s desired ‘living wage’ of $15 an hour has been a living hell for many small business owners in New York, who’ve been unable to offset the cost through higher prices,” he told the Washington Free Beacon. “It’s fine to mourn the impending closure of your former employer—it’s better to understand the misguided minimum-wage mandates that contributed to that closure.”….

Alexandria Ocasio-Cortez is crashing and burning

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5 Comments | Leave a comment
  1. RobW says:

    …because she is clueless.

  2. Kitten says:

    What a sad commentary on our institutions of higher learning. She has an economics degree from Boston University. I guess that’s where she learned how to be a community organizer and SJW. I say let her speak. More, please.

  3. Alain41 says:

    I see that legacy media is coordinating a TP that stock buybacks are just rewarding the rich and harming the economy. Stock buybacks set a record this last quarter, $437 billion. And yes, Trump tax bill is significant cause. Lower taxes allow companies to move their cash. Some is used for investment and some is used for buybacks to provide money to its investors including pension funds etc., and it usually results in higher stock price making the company less attractive to takeover with its high lawyer & banking fees.
    There is a responsible argument to be made against buybacks but there’s no balance with the positive attributes of buybacks. Articles are just, tax cuts for the rich, diatribes.

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