Study: $15 Minimum Wage Would Cause 400,000 New Crimes Per Year

[rangerrebew]

 Study: $15 Minimum Wage Would Cause 400,000 New Crimes Per Year
Posted By Charles Fain Lehman On March 19, 2019 @ 2:40 pm

A $15 per hour minimum wage would lead to $2.4 billion in property crimes, a new paper released Monday argues.

The paper directly contradicts past arguments, most prominently from the Obama-era Council of Economic Advisers, that raising the minimum wage would reduce crime rates. Rather, the authors find, an increase to the minimum wage drives up property crime rates among 16-to-24-year-olds, the group most likely to be working for minimum wage already.

Myriad factors determine whether or not people choose to commit crimes, including economic ones. Access to jobs, steady income, and education, can all influence whether or not a person begins a career as a criminal. This has a practical implication for policymakers looking to reduce crime: In addition to expensive interventions like increasing incarceration or the number of cops, enhancing labor market access and outcomes might be an effective approach.



URL to article: https://freebeacon.com/issues/study-15-minimum-wage-would-cause-400000-new-crimes-per-year/

[sneakypete]

It would HAVE to increase crime because many small companies would go out of business,and even larger companies would cut back on human employees and invest in automation where possible.

Forget your high school kids getting summer jobs to introduce them to the real world of jobs and responsibilities,because nobody is going to pay a teen 15 bucks a hour and then have to train and babysit them.

If you think groceries are high now,wait until this takes effect and prices have to be increased to make up for profit losses due to high labor costs.

Not to mention how much the welfare rolls will increase due to NOBODY being willing to pay a hood rat 15 bucks a hour to shoplift from them on the rare day when they show up for work.