This initiative will kill jobs in the city. It also undoes much of the progress of the past five years in making Detroit a friendlier place for business.
The proposed living-wage ordinance, before Detroit voters Nov. 3, on the surface, seems admirable. But one doesn't need to look beyond its title to find seriously flawed logic. The same jobs that the measure's proponents are seeking to promote, in reality, will likely disappear.
…imposing this mandated wage is a dagger in the heart of job creation….If its approved, Detroit can kiss any hope of renaissance goodbye.
The economic impact would be devastating for the United States. We would see the loss of millions of jobs, entire industries would flee to other countries, our people would face higher fuel costs, higher taxes, leading to lower productivity and a lower standard of living.
These regulations, taken in combination with other pending requirements, will have serious affects on the petroleum industry, the economy, and the nation--reducing investment in capacity and new technologies, making domestic refiners less competitive in the global marketplace, increasing imports of refined products by up to 500,000 barrels per day, increasing consumer prices for products such as gasoline and heating oil, and reducing industry employment.
This is an unemployment act that hurts minority youth, and that is a shame.
I understand it is called a minimum wage bill, but in fact it is a layoff bill….Kids will lose their jobs, minorities will lose their jobs, senior citizens will lose their jobs. In small towns, in center cities, marginal businesses will be devastated.
The quickest way to kill jobs is to have this ordinance pass. It is dumb and dangerous.
Repeatedly attempt[ing] to impose unnecessarily stringent standards that would leave many if not most supplement companies with no practical choice but to close their doors.
Do you know what? This is now your package. We will come back here next year and try to help you when this puts the economy in the gutter. And virtually every major economic estimating firm in this country says your bill is going to kill jobs. That is why we are passionate about it.
