Washington, D.C. to lose THOUSANDS OF JOBS as $15 minimum wage goes into effect
It’s very simple: raise the minimum wage, and employers have
increased expenses. They will recoup their losses by lay off employees.
Minimum wage hikes mean more unemployment.
Leftist policies ruined Detroit. They’re also ruining our nation’s
other cities. Yet the people in those cities, entranced by the welfare
gravy train, keep voting for the destroyers.
“DC Report: Thousands of City Jobs Will Be Lost as Minimum Wage Hike Goes Into Effect,” by Jack Heretik, Washington Free Beacon, March 24, 2017:
Washington, D.C. will lose thousands of jobs as the
district’s plan to raise the minimum wage to $15 goes into effect, while
the higher wages will primarily benefit workers in the surrounding
suburbs, according to a new report by the city’s chief financial
D.C. Mayor Muriel Bowser spearheaded the effort for a $15 minimum
wage, more than double the federal minimum wage of $7.25 an hour.
Analysis by the city’s Office of Revenue Analysis, however, says the
plan could cost the district 2,500 jobs by 2026, the Washington Times reports.
The district’s minimum wage is currently $11.50 an hour and each year
will grow by 70 cents until it reaches $15 in three years. After 2020,
the minimum wage will grow based on inflation.
Read entire article here: http://pamelageller.com/2017/03/dc-15-minimum.html/