Teamsters local 570

Job Loss Predictions Over Rising Minimum Wages Haven’t Come True

Posted On: Nov 26, 2019

Nov. 26, 2019 | ECONOMY | Eighteen states rang in 2019 with minimum wage increases — some that will ultimately rise as high as $15 an hour — and so far, opponents' dire predictions of job losses have not come true. The data paint a clear picture: Higher minimum wage requirements haven't reduced hiring in low-wage industries or overall. Opponents have long argued that raising the minimum wage will cause workers to lose their jobs and prompt fast-food chains (and other stores) to raise prices… Axios