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Jan 06 2016

Minimum Wage Increases Have Predictable Effect on Employment

As a special service to liberal visitors, Moonbattery.com will now offer a kindergarten-level course in economics. Lesson One:

Question: What happens when you raise the minimum wage?

Answer:

Job gains in the Chicago-area leisure and hospitality sector slumped to a five-year low after the Windy City’s $1.75-an-hour minimum-wage hike took effect in July, Labor Department data show, confirming similar impacts in San Francisco in Los Angeles.

Annual employment gains at restaurants, hotels and other leisure-sector venues averaged just 1.1% from August through November, about half the pace seen in 2014 and the weakest since the summer of 2010.

The timing of the slowdown coincides with the 21% jump in Chicago’s minimum wage from $8.25 to $10 an hour. The wage will get another bump to $10.50 an hour on July 1 and eventually climb to $13 by 2019.

Each jump in the minimum wage will produce a corresponding jump in unemployment, thus securing more government dependency votes for the malevolent but generous (with other people’s money) Democrat Party.

On a tip from Torcer.



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  • Jim

    Often not mentioned, when the “minimum wage” goes up, union contracts mandate that their members get a raise, often a percentage, so a 10 percent minimum wage increase, say $10 to $11, results in a union mandated raise from $30 to $33. There are no negotiations, it’s required.

  • SineWaveII

    All this does is create more work for illegals since they are the only ones allowed to work below the minimum wage. Interestingly it also reduces tax revenue since you can hardly tax an illegal wage paid in cash.

  • Chish

    You guys aren’t seeing the big picture, Liberals LOVE the unemployed. Bigger voting base because they’re “victims”.

  • Jack Fisher

    I pay the illegals I hire as gardeners well over min wage, they’re definitely worth it.

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