Saturday, April 29, 2017

Harvard Study Proves That Minimum Wage Hikes Hurt Businesses, Increase Unemployment
Of course. Raising the minimum wage just raises an employer’s expenses, resulting in layoffs. This is just more evidence of how leftist policies are destructive to the economy and hurt the people. If it weren’t for the enemedia’s relentless propaganda, this would be obvious to everyone.

“Harvard Study Finds Restaurants More Likely to Close, Less Likely to Open After Wage Hikes,” by Sam Dorman, Washington Free Beacon, April 27, 2017:
A Harvard University study found that raising the minimum wage increased the likelihood that restaurants, especially of lower quality, would close and made it less likely that new restaurants would open.
The study “Survival of the Fittest: The Impact of the Minimum Wage on Firm Exit,” conducted by Dara Lee Luca and Michael Luca, studied 35,173 restaurants in the San Francisco Bay area over the course of eight years (2008-2016). Luca and Luca saw 30 percent of these restaurants close, and claimed to “find suggestive evidence that higher minimum wage increases restaurant exit.”
Read entire article here:

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