Minimum Wage Hikes Are Wiping Out Jobs

[libertybele]

Idiots!   

Minimum Wage Hikes Are Wiping Out Jobs

Big minimum wage hikes wipe out a lot of jobs. Illinois recently enacted a $15 minimum wage, a large increase in the minimum wage that will be phased in over several years. And businesses are already announcing plans to close up, move out of the state, or curb their expansion in the state.  The Daily Gazette and Sauk Valley Media provide the example of Hopper’s Poppers:

    “After a little more than 2 years downtown, Hopper’s Poppers – the business, and the building it’s in – are being put up for sale, the owner said.

    “Ryan Hopper also closed his Sycamore shop this week, citing Gov. J.B. Pritzker’s approval of a statewide $15 minimum wage increase.

    “Three months ago, he and his wife Stephanie were considering adding a third location in Roscoe, which would have brought him closer to his five-location goal. But he said the the[sic] minimum wage hike and Illinois’s notoriously high property taxes solidified the decision for his family to continue their business ventures outside Illinois.”

https://www.cnsnews.com/commentary/hans-bader/minimum-wage-hikes-are-wiping-out-jobs

[kevindavis007]

Duh!

[Sanguine]

No way!

[IsailedawayfromFR]

Of course the job loss is almost totally within blue states.

so they are spiraling downward in GDP, wages and tax revenue.

[roamer_1]

That's going to hurt the farmers down state too. There ain't no way they can pay that kind of money out for seasonal and transitional help. That's a big wage for regular hands out here.

[LMAO]

This is the law of unintended consequences. Good intentions never can or will replace economics.