Proponents of increasing the minimum wage generally argue that it will improve the standard of living for low-income earners. However, numerous studies – including one completed by the Congressional Budget Office, which provides nonpartisan analysis for the U.S. Congress – have shown that minimum wage increases actually reduce employment. Artificially mandating increased wages through government action also has the negative effect of increased inflation, thereby further reducing any potential … [Read more...] about Proposed $15 Minimum Wage Will Cost Jobs
Stuart W. McDaniel
Livable Wage, Economic Reality
Proponents of increasing the minimum wage generally argue that it will improve the standard of living for low-income earners. However, numerous studies, including one completed by the Congressional Budget Office, which provides nonpartisan analysis for the United States Congress, have shown that minimum wage increases reduce employment. Consequently, a minimum wage hike can increase earnings for some workers and cause job loss and reduced earnings for others. Artificially mandating increased … [Read more...] about Livable Wage, Economic Reality
