The bill, which is headed to a floor vote, would increase the federal minimum wage from $7.25 an hour to $15 an hour over five years.
"The Seattle Minimum Wage Ordinance caused hours worked by low-skilled workers to fall by 9.4% during the three quarters when the minimum wage was $13 per hour, resulting in a loss of 3.5 million hours worked per calendar quarter." - National Bureau of Economic Research.
"Higher minimum wages are associated with a lower share of teens age 16-17 both in school and employed, and a higher share in school and not employed." - Mercatus Center.
More than three-fourths of full-service restaurants in New York City that responded to a survey "Reduced employee hours, and 36.3% eliminated jobs in 2018, in response to mandated wage increases." Three-quarters "Report that they will reduce employee hours; and 47.1% will eliminate jobs in 2019." - New York City Hospitality Alliance.
"An extensive survey concluded that nearly two-thirds of the more than 100 newer minimum wage studies, and 85% of the most convincing ones, found consistent evidence of job loss effects on low-skilled workers." - Federal Reserve Bank of San Francisco.
"The $15 minimum wage is turning hard workers into black market lawbreakers - Reason."Data analysis suggests that while the restaurant industry in California has grown significantly as the minimum wage has increased, employment in the industry has grown more slowly than it would have without minimum wage hikes.
Despite the widely understood laws of economics, and the documented history of the effects of a minimum wage, Democrats continue their "Fight for $15" as if it were a worthy objective.
https://issuesinsights.com/2019/07/11/why-do-democrats-hate-jobs-so-much/
"The Seattle Minimum Wage Ordinance caused hours worked by low-skilled workers to fall by 9.4% during the three quarters when the minimum wage was $13 per hour, resulting in a loss of 3.5 million hours worked per calendar quarter." - National Bureau of Economic Research.
"Higher minimum wages are associated with a lower share of teens age 16-17 both in school and employed, and a higher share in school and not employed." - Mercatus Center.
More than three-fourths of full-service restaurants in New York City that responded to a survey "Reduced employee hours, and 36.3% eliminated jobs in 2018, in response to mandated wage increases." Three-quarters "Report that they will reduce employee hours; and 47.1% will eliminate jobs in 2019." - New York City Hospitality Alliance.
"An extensive survey concluded that nearly two-thirds of the more than 100 newer minimum wage studies, and 85% of the most convincing ones, found consistent evidence of job loss effects on low-skilled workers." - Federal Reserve Bank of San Francisco.
"The $15 minimum wage is turning hard workers into black market lawbreakers - Reason."Data analysis suggests that while the restaurant industry in California has grown significantly as the minimum wage has increased, employment in the industry has grown more slowly than it would have without minimum wage hikes.
Despite the widely understood laws of economics, and the documented history of the effects of a minimum wage, Democrats continue their "Fight for $15" as if it were a worthy objective.
https://issuesinsights.com/2019/07/11/why-do-democrats-hate-jobs-so-much/
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