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Increasing regulation creates unintended consequences

To read my op-ed on this topic, please click here:

Today, the WSJ published an op-ed I wrote regarding the challenges restaurants face due to increasing government mandates aimed at addressing stagnating wages associated with anemic growth. In the op-ed, I discuss the latest challenge embodied in the Labor Department’s issuance of its new overtime rule which more than doubles the salary threshold for employees to $47,476 from $23,660. I also point out that the rule will result in higher labor costs which restaurants will mitigate by eliminating positions, reducing employee hours, accelerating automation and slowing expansion. The op-ed is entitled: The Touchscreen Will Take Your Order Now. If you’re on Twitter, I encourage you to check out the graph related to this op-ed that shows the unintended consequences of government regulation: Please consider re-tweeting it to your followers. The chart is worth a 1,000 words.

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