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Evidence Mounts: Minimum Wage Hikes Cost Jobs
The evidence continues to mount that minimum wage hikes have economic costs: A Federal Reserve Bank of San Francisco review paper recently found that minimum wages had “directly reduced the number of jobs nationally by about 100,000 to 200,000.” And now a new survey of recent data by Jed Graham of Investor’s Business Daily (h/t RCP) found that minimum wage hikes seem to have taken a toll on hiring in some of America’s major metropolitan areas:
Posted by: DarthVader 2016-02-09
http://www.rantburg.com/poparticle.php?ID=444810