Democrats and know-nothings call for the minimum wage to be raised because they think the increase from $8 to $15 per hour will help out workers.
Sure it sounds nice, but that’s not how things work.
Time after time it’s been reported that raising wages for the unskilled leads to disastrous consequences. For example, not only do prices go up in restaurants, stores, or what have you, but businesses begin to cut back workers’ hours or stop hiring all together because the increase threatens to put them out of business.
Liberals are all about satisfaction now, now, now, and if given the chance, they’d make every day Christmas day.
From The Blaze:
Minimum wage hikes at the state level have reduced the number of jobs by as many as 200,000, according to a study by the Federal Reserve Bank of San Francisco.
The Fed study comes just less than two years after a study by the Congressional Budget Officeasserted that increasing the federal minimum wage to $10.10 per hour would cost 500,000 jobs nationally.
Despite numbers from nonpartisan studies, President Barack Obama and congressional Democrats, as well as Democratic governors across the country, regard a minimum wage hike as a political winner. All three Democratic presidential candidates are running calling for a minimum wage hike.
Since the last federal wage increase in 2007 to $7.25 per hour, 23 states have raised their wages higher than the federal level. By 2014, the average wage in those nearly two-dozen states was 11.5 percent higher than the federal wage.