If you like your job, you can keep your job!

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Bloomberg: Upscale Restaurant Chain Goes Bust, Blaming ‘Progressive’ Wage Laws

Progressive wage policies helped force upscale eatery operator Restaurants Unlimited Inc. into bankruptcy, according to court documents filed Sunday.

The company, which operates 35 restaurants ranging from fine dining to “polished casual” eateries, including Henry’s Tavern, Stanford’s and Kincaid’s, filed for Chapter 11 protection in Delaware on Sunday. Minimum wage hikes, two disappointing restaurant openings and consumers shunning casual dining are to blame for the bankruptcy filing, Chief Restructuring Officer David Bagley said in court papers.

“Over the past three years, the company’s profitability has been significantly impacted by progressive wage laws along the Pacific coast that have increased the minimum wage,” Bagley said. “As a large employer in the Seattle metro market, for instance, the company was one of the first in the market to be forced to institute wage hikes.”

But it makes sense for the Left to shrug off the job losses when you realize that the "Living wage" is a racist scam to create more serfs of the state.

Related - the Hoover Institution takes A Closer Look at the Left’s Agenda: Scientific, Economic, and Numerical Illiteracy on the Campaign Trail.

Many of the Left’s recent policy proposals are not only quite radical, but scientifically, economically, and numerically illiterate. They are crowding out discussion of serious proposals to deal with the legitimate issues raised. A closer look reveals, for example, that Medicare for All and the Green New Deal wildly violate the laws of supply and demand, physics, and arithmetic. The many tens of trillions of dollars of new spending would explode the already record-high post-World War II national debt, even after an array of new and higher taxes that would undermine incentives to work, save, invest and enhance skills, along with American firms’ global competitiveness. Factual—not the left’s fantasized—comparisons to European nationalized health systems, social welfare states, and taxes, and to energy and environmental realities, suggest these proposals could well result in an economic, health care, and energy disaster trifecta with dangerous unintended consequences (for example, to the food supply). Better, affordable solutions without the risk of serial disaster are available.

Unsurprising, of course, because . . .

Update: Issues and Insights: Why Do Democrats Hate Jobs So Much?