Report: Minimum Wage Hikes Will Lead to 1.8 Million Job Losses

[rangerrebew]

 Report: Minimum Wage Hikes Will Lead to 1.8 Million Job Losses
Posted By Ali Meyer On February 5, 2017 @ 4:59 am In Issues | No Comments

Minimum wage increases over the next several years will result in 1.8 million job losses, according to a report from the American Action Forum.

By July of this year, 22 states and the District of Columbia will have implemented minimum wage increases. In just 2017 alone, wage increases will lead to 383,000 job losses.

While the goal of increasing the minimum wage is to increase earnings for low-income individuals, the report finds that the additional earnings transferred from the job losers to the job keepers is minimal. For example, minimum wage hikes are projected to increase earnings by only $6,900, which would be split among all employees affected by the increase.
 
Article printed from Washington Free Beacon: http://freebeacon.com

URL to article: http://freebeacon.com/issues/report-minimum-wage-hikes-will-lead-1-8-million-job-losses/

[IsailedawayfromFR]

Same people advocating rise in minimum wage are mostly advocating birth control via abortion.

Could be a linkage.