[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

A $110B bubble on $500M earnings. History warns: Bubbles always burst. Joy Behar says people like their show because they tell the truth, unlike "dragon believer" Joe Rogan. Male Passenger Disappointed After Another Flight Ends Without A Stewardess Frantically Asking If Anyone Can Land The Plane Could the Rapid Growth of AI Boost Gold Demand? LOOK AT MY ASS! Elon Musk Responds As British Government "Summons" Him To 'Disinformation' Hearing MSNBC Contributor Panics Over Trump Nominating Bondi For AG: Dangerous Because Shes Competent House passes dangerous bill that targets nonprofits, pro-Palestine groups Navy Will Sideline 17 Support Vessels to Ease Strain on Civilian Mariners Israel carries out field executions, massacres in north Gaza AOC votes to back Israel Lobby's bogus anti-Semitism definition Biden to launch ICE mobile app, further disrupting Trump's mass deportation plan: Report Panic at Mar-a-Lago: How the Fake Press Pool Fueled Global Fear Until X Set the Record Straight Donald Trumps Nominee for the FCC Will Remove DEI as a Priority of the Agency Stealing JFK's Body Trump plans to revive Keystone XL pipeline to solidify U.S. energy independence ASHEVILLE UPDATE: Bodies Being Stacked in Warehouses & Children Being Taken Away American news is mostly written by Israeli lobbyists pushing Zionist agenda Biden's Missile Crisis British Operation Kiss kill Instantly Skripals Has Failed to Kill But Succeeded at Covering Up, Almost NASA chooses SpaceX and Blue Origin to deliver rover, astronaut base to the moon The Female Fantasy Exposed: Why Women Love Toxic Love Stories United States will NOT comply with the ICC arrest warrant for Prime Minister Netanyahu: Mississippi’s GDP Beats France: A Shocking Look at Economic Policy Failures (Per Capita) White House Refuses to Recognize US Responsibility for Escalation of Conflict in Ukraine MAKE EDUCATION GREAT AGAIN!! They will burn it with a "Peresvet" or shoot it down with a "hypersound" NY Times: Could Trumps Return Pose a Threat to Climate and Weather Data? Apples new AI-powered Siri? Pepe Escobar: The BRICS Spirit Is Alive And Well In South Africa

Business/Finance
See other Business/Finance Articles

Title: Minimum Wage Hikes Will Lead to 1.8 Million Job Losses
Source: [None]
URL Source: http://freebeacon.com/issues/report ... l-lead-1-8-million-job-losses/
Published: Feb 5, 2017
Author: jj
Post Date: 2017-02-05 09:52:17 by HAPPY2BME-4UM
Keywords: None
Views: 708
Comments: 8

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.

"While proposals to raise the minimum wage are well intended, it is important to consider the negative labor market consequences," the report states. "A 10 percent increase in the real minimum wage is associated with a 0.3 to 0.5 percentage-point decline in the net job growth rate."

"As a result, three years later employment becomes 0.7 percent lower than it would have been absent the minimum wage increase," the report states.

In just 2017, minimum wage increases will lead to 1,000 eliminated jobs in Vermont to 109,000 job losses in New York. If all future minimum wage increases are taken into account, those job losses increase to 3,000 in Vermont and 433,000 in New York.


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

Post Comment   Private Reply   Ignore Thread  

#1. To: HAPPY2BME-4UM (#0)

Minimum Wage Hikes Will Lead to 1.8 Million Job Losses

The reply to this is very simple.

If there were NO minimum wage laws, would wages go up or down?

Cynicom  posted on  2017-02-05   10:04:31 ET  Reply   Trace   Private Reply  

Employers will pay what the market tells them to pay in order to hire and retain the kind of employees that they want in their business.

Mandated minimum wages have always, and will always, be a bad idea for everyone over the long haul.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2017-02-05   10:06:39 ET  Reply   Trace   Private Reply  

Not to worry sheeple, your lord and god, Tramp, will cut min wage 1/2 by EO and save all the jobs

Darkwing  posted on  2017-02-06   8:02:28 ET  Reply   Trace   Private Reply  

Employers will pay what the market tells them to pay in order to hire and retain the kind of employees that they want in their business.

That is altruistic in concept and has never worked, we have a long sad history of serfdom that denies the entire concept.

We cannot ever forget our own history of slavery in our recent past.

The test of that theory remains, no wage laws, would wages go up, down or remain the same???

Cynicom  posted on  2017-02-06   9:50:19 ET  Reply   Trace   Private Reply  

Employers will pay what the market tells them to pay in order to hire and retain the kind of employees that they want in their business.

Slave holders bid on their workers; they paid top dollar for the best and not so much for the worst. Same is true today in the job market. imo

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2017-02-06   10:13:13 ET  Reply   Trace   Private Reply  

If there were NO minimum wage laws, would wages go up or down?

That is the only question that matters.

"Have Brain, Will Travel

Turtle  posted on  2017-02-06   10:46:45 ET  Reply   Trace   Private Reply  

Slave holders bid on their workers; they paid top dollar for the best and not so much for the worst.

Slavery has always been repugnant to me.

My question is still open, without a minimum wage law would wages go up, down, or remain the same????

I recall the actions of employers during WWII quite well.

Cynicom  posted on  2017-02-06   12:14:05 ET  Reply   Trace   Private Reply  

That is the only question that matters.

Having been used and abused by employers, as a child and young adult, I have no illusions about the benevolence of employers.

Cynicom  posted on  2017-02-06   12:27:57 ET  Reply   Trace   Private Reply  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]