Posts tagged decimate jobs

    News Article Research ● Labor

    Trust the Experts: Economists Across Board Say Min Wage Hike Would Spike Inflation

    April 28, 2022 // Nearly 80 percent of studies conducted since 1992 found that an increased minimum wage decreases the level of employment. Michael Saltsman, the managing director of the Employment Policies Institute, said Democrats have pushed for a $15 minimum wage even as economists warn it will decimate jobs.

    $15 per hour Carnegie Mellon University decimate jobs decreases employment Democratic leadership Democrats Department of Justice Economists Employment Policies Institute extreme wage mandate hospitality jobs hurt small business inflation international economics labor economics Lloyd Corder macroeconomics Mexican workforce Michael Saltsman minimum wage hike negative impact pandemic relief legislation Patrick Hauf poverty rates President Joe Biden Rep. Elaine Luria Republicans Senate service jobs Small Business stocks in her father's company swing-district Democrats tipped minimum wage Vanita Gupta Washington Free Beacon