UC San Diego Researchers Say Minimum Wage Increase Cost 1.4 Million Jobs
“Wow, I never expected that!” said the federal government, who apparently do not have a single economist on staff.
Here’s more from the College Fix:
UC-San Diego researchers: 1.4 million jobs lost because of minimum-wage hikes
The federal minimum-wage hikes between 2007 and 2009 were accompanied by severe drops in the “employment-to-population ratio” for working-age Americans, according to a new study by University of California-San Diego researchers, Breitbart reported.
Adults ages 25-54 saw that ratio drop by four percentage points, and those ages 15-24 saw it drop by eight percentage points, researchers said. The full drop for December 2006 to December 2012, they said: 0.7 percentage points, accounting for “14 percent of the total declined over the relevant time period,” or 1.4 million workers.
0
0
Read the original article:
UC-San Diego researchers: 1.4 million jobs lost because of minimum-wage hikes (The College Fix)
UC-San Diego researchers: 1.4 million jobs lost because of minimum-wage hikes (The College Fix)