Friday, June 10, 2016

For workers, forced minimum wage hikes equals unemployment

Following a number of U.S. municipalities forcing through legislation to raise the minimum wage either towards or to the goal of $15 per hour, early results from these controversial policies are in.  And as expected by most logical analysts, the artificial push in higher wages is leading to massive layoffs and higher unemployment.
In Washington D.C., where the district supports the seat of American government and where the minimum wage was raised from $8.25 per hour to $11.50, on average half of all D.C. employers have laid off workers since the legislation for higher labor costs was implemented.


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