How Seattle's minimum-wage disaster hurts those it's meant to help
How Seattle's minimum-wage disaster hurts those it's meant to help
- June 27, 2017
- David Neumark, economics, via Investor’s Business Daily, June 27, 2017
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In what has turned into an indictment of the union-backed "Fight for $15" movement, a study by economist David Neumark of the University of California, Irvine tallied the results of over 100 minimum wage studies going back two decades. His findings were depressing: 85% of the studies said that minimum-wage laws destroyed jobs, led to fewer hours worked, and caused small businesses to close. So saying huge forced hikes in the minimum wage destroy jobs and reduce earnings isn't exactly controversial.
For the full story, please visit http://www.investors.com/politics/editorials/how-seattles-minimum-wage-disaster-hurts-those-its-meant-to-help/.
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