WhatFinger

A recent poll of D.C. business owners found more than half of them plan to eliminate jobs if the minimum wage rises to $15. In fact they may already be happening

Minimum Wage Hike in DC Will Stifle Job Creation

By Heritage Foundation James Sherk——--March 29, 2016

News Headlines | CFP Comments | Reader Friendly | Subscribe | Email Us

Last summer, the District of Columbia increased its minimum wage to $10.50 an hour, which is currently the highest for any U.S. state or territory. This July, the District’s minimum wage will rise again to $11.50 an hour. Then, on Nov. 8, 2016 D.C. voters may consider an initiative to increase the minimum wage to $15 an hour by 2020, resulting in even more job losses, while business owners and consumers face higher prices. Why do policymakers think such a high minimum wage may be appropriate? A recent article by the Brookings Institution points out:
The push for $15 per hour in D.C. and elsewhere hasn’t been based on complex statistical analysis. It started with a series of strikes by fast-food workers in 2012, who rallied around $15 as an audacious goal, but one that was round and easy to remember.
More...

Support Canada Free Press

Donate
Subscribe

View Comments
Heritage Foundation——

The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973,  mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.

VIEW Comments

Sponsored