By Jon Miltimore Alan Fuerstman is the embodiment of the American Dream. He’s the founder of Montage Hotels & Resorts, a California-based luxury hotel and resort company that has a portfolio of $3 billion. He was listed on the Haute 100, received the Ernst & Young Entrepreneur of the Year Award, serves on advisory boards, and gives back to his community through … [Read more...] about How This Entrepreneur Went from Door Man to Running a $3 Billion Hotel Empire
Jon Miltimore
Support for $15 Minimum Wage Plummets When Americans Are Told Its Economic Impact
By Jon Miltimore Minimum wage laws, I’ve noted, are popular with the public. This no doubt explains why House Democrats passed a bill Thursday that would raise the federal minimum wage to $15 an hour. Yet the minimum wage’s apparent popularity might be political pyrite (fool’s gold). A newly published Business Insider survey found that support for the minimum wage … [Read more...] about Support for $15 Minimum Wage Plummets When Americans Are Told Its Economic Impact
Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes a Key Factor
By Jon Militimore Restaurants Unlimited, a Seattle-based chain with restaurant locations in 47 US cities, announced on Sunday it was seeking Chapter 11 protection, citing “progressive” wage laws. The company, which has operated since the Lyndon Johnson Administration, said rising labor costs—part of a national trend of government-mandated minimum increases—were part of … [Read more...] about Restaurant Chain Announces Bankruptcy, Says Minimum Wage Hikes a Key Factor
What Greece And Venezuela Can Teach Us About Minimum Wage Laws
By Jon Miltimore States across America are increasing the minimum wage. This is bad policy for numerous reasons, but the movement nonetheless appears to be gaining steam. Eighteen states began 2019 with new minimum wage laws. Several more passed legislation in 2019, including Maryland, where legislators overrode a veto to pass a $15 minimum wage. McDonald’s, perhaps … [Read more...] about What Greece And Venezuela Can Teach Us About Minimum Wage Laws