Job loss predictions over rising minimum wages haven't come true

Homepage | Forums | Main Forums | General Discussion | Job loss predictions over rising minimum wages haven't come true

  • Author
    Posts
  • #231736

    JonLP
    Donor
    • Total Posts: 953
    @jonlp

    Eighteen states rang in 2019 with minimum wage increases — some that will ultimately rise as high as $15 an hour — and so far, opponents’ dire predictions of job losses have not come true.

    What it means: The data paint a clear picture: Higher minimum wage requirements haven’t reduced hiring in low-wage industries or overall.

    State of play: Opponents have long argued that raising the minimum wage will cause workers to lose their jobs and prompt fast food chains (and other stores) to raise prices.

    But job losses and price hikes haven’t been pronounced in the aftermath of a recent wave of city and state wage-boost laws.

    And more economists are arguing that the link between minimum wage hikes and job losses was more hype than science.

    https://amp.axios.com/minimum-wage-job-loss-predictions-not-true-dcda5eac-996d-4539-a07e-12933eef4bca.html?utm_source=facebook&utm_medium=social&utm_campaign=organic&fbclid=IwAR3EgRuJxCkBWCUpoP5K-BSJ7cuiKl-kDxQDW_-Lsno7pQClrwPHUHDgPUw&__twitter_impression=true

  • #231789

    retired liberal
    Donor
    • Total Posts: 1,712
    @retiredliberal

    People with money to spend is what drives the economy. Too many people coming up a week short every month is what stagnates the economy. What is so hard to understand?

    We are an arrogant species, believing our fantasy based "facts" are better than the other person's fake facts.

    If you are wrong, it will be because you are not cynical enough.

    Both major political parties are special interest groups enabling each other for power and money, at the expense of the people they no longer properly serve…

  • #232018

    Punxsutawney
    Moderator
    • Total Posts: 862
    @punxsutawney

    They never do.

     

You must be logged in to reply to this topic.