$15 minimum wage means layoffs: White Castle exec

http://www.cnbc.com/id/101247794

A top executive at White Castle cooked up a spicy retort on Wednesday to calls by some fast-food workers to raise the minimum wage to $15 a hour from $7.25, arguing such an increase would force the hamburger chain to close nearly half of its locations and lay off thousands of workers.
(Read more: Fast-food strikes over minimum wage planned for 100 cities)
"To more than double the federally mandated starting wage wouldn't be bad for White Castle, it would be absolutely catastrophic," Jamie Richardson, vice president of White Castle, told CNBC's "Closing Bell" on Wednesday.
Such an increase would force the closure of more than 200 of its 406 locations across the United States, Richardson said, with any remaining locations "glowing embers. They would be dying stars."
Doubling the minimum wage is "beyond the fringe," Richardson continued, because it would be unsustainable and would result in teenage unemployment. He said White Castle is often able to retain those workers and boasted that 1 in 4 employees has been with the company for 10 years or more. 

See folks what the Born and Bred dopes in charge fail to see is that minimum wage is a JOB KILLER..it always has been. If I pay you $15 dollars an hour that means I have to pass these costs on to the consumer and hire less people! or let people go!

Have you noticed as of late how many Political types are screaming from atop the soap box that we need higher minimum wages? You know why folks?

THEY KNOW INFLATION IS GOING TO BE THROUGH THE ROOF come next year...