Red Pill Sentinel
  • Home
  • About
  • Contact

Something Happens When States Raise Their Minimum Wage, and It’s Not Good

7/17/2014

0 Comments

 
http://bit.ly/1mlcVV3

nce January 1 of this year, 13 states have raised their minimum wage.

However, these states also have something else in common: Since January 1, their have suffered a loss in job growth.

While most of these states’ minimum wage raises were automatic adjustments for inflation mandated previously, four state legislatures – Connecticut, New Jersey, New York and Rhode Island – specifically voted for increases to take place this year.

American Action Forum policy Analyst Ben Gitis explained the clear repercussions of raising minimum wages:

“While many assume that it would come out of profits of large companies, in reality it only affects restaurants and retail businesses that have narrow profit margins.”

“They have no choice but to either reduce their current employment levels or put off plans to expand and make new hires. As a result, the cost of the minimum wage comes out of the pockets of unemployed workers who are denied an opportunity to work.”


0 Comments



Leave a Reply.

    Writers

    Yvonne Burton...there is no collection of writers...it's just me.

    ​And then there were two....meet my brother Lewis

    Picture
    Picture

    Archives

    November 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    March 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014

    Alternative Media
    Ace of Spades
    Mike Cernovich
    The Federalist
    Gateway Pundit
    Instapundit
    Powerline
    The Conservative Treehouse
    Zerohedge

    RSS Feed

Proudly powered by Weebly