Single County Could Lose 47,000 Jobs Thanks To $15 Minimum Wage Hike

[To-Whose-Benefit?]

CNSnews
By Hans Bader | August 4, 2017 | 11:49 AM EDT

[excerpt]

http://www.cnsnews.com/commentary/hans-bader/single-county-could-lose-47000-jobs-thanks-15-minimum-wage-hike

The Washington Post has “sobering news for $15 minimum-wage boosters.” It cites a 146-page study showing that 47,000 jobs would be lost in just one county—Maryland’s wealthy Montgomery County—if it raised the minimum wage to $15.

Boosting the minimum wage would also cost the county “$396.5 million in total income by 2022, due to workers’ being priced out of the job market by the higher minimum wage. This would spell a reduction of nearly $41 million in expected county tax revenue between fiscal 2018 and fiscal 2022; meanwhile, the county government’s payroll costs would go up $10 million.”

As Post notes, “The results of similar experiments elsewhere in the country should also give boosters of $15 per hour in Montgomery more pause than it apparently does. A team of economists at the University of Washington recently found that low-income workers across all businesses in Seattle lost an average of $125 a month because of reduced hours or job loss after that city enacted a $15 minimum.”

[dfwgator]

[goatprairie]

The "living wage" crusade is just the latest in the left's nutty ideas that will put businesses out of business and lose jobs for the people.
When I was young everybody understood that minimum wage jobs were only temporary or only for people who needed a little side money.  Nobody thought that working at a hamburger stand would be their end goal of employment.  We never expected those MW jobs to support us. 
I think the lib/leftists know that many of their constituents are not equipped to work more than MW jobs.  They really believe all businesses, great and small, have so much money they can afford to pay all their employees living wages.
So instead of many young people learning how to work for a business at a lesser wage, they will now have many young people who will find it tough to find a job.  Because there won't be a job for them....businesses will either hire the robot (who won't ask for a pay raise) or they'll relocate or go out of business.  The end result: everybody loses.