BY: Ali Meyer
Minimum wage increases over the next several years will result in 1.8 million job losses, according to a report from the American Action Forum.
By July of this year, 22 states and the District of Columbia will have implemented minimum wage increases. In just 2017 alone, wage increases will lead to 383,000 job losses.
The report notes that employers usually pay for wage increases by cutting their workforce, raising the price on products, slowing down their hiring, or replacing more productive workers with low-skilled workers.
"Unfortunately, it is the lowest-wage, least-skilled workers who pay the largest prices for these consequences," the report states. "While they need those experiences most to develop skills and find better paying jobs, they are the least likely to be able to keep their jobs or find a new one when the minimum wage rises."http://freebeacon.com/issues/report-minimum-wage-hikes-will-lead-1-8-million-job-losses/?utm_source=thenewamericana.com
Be careful what you ask for, you may not like what you get.
Maybe this will slow the flow of illegals.