Starbucks to close 150 stores due to regulation and forced wage increases

Starbucks will be forced to close 150 stores due to leftist policies of heavy regulation and minimum wage rise.

Bloomberg:

The closing stores are often in “major metro areas where increases in wage and occupancy and other regulatory requirements” are making them unprofitable, Johnson said. “Now, in a lot of ways, it’s middle America and the South that presents an opportunity.

This is what happens when the government forces wage increases and heavy regulation of American businesses.