The Effects of the Minimum Wage

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Written testimony from the RI Center for Freedom & Prosperity’s CEO, Mike Stenhouse, opposing an increase in the minimum wage emphasizes that such legislation kills jobs:

After Seattle passed a rapid minimum wage hike, a study by the Univ. of WA found the cost to low-wage workers outweighed the benefits by a 3-1 ratio, and found that on average overall, low-wage workers, lost $125 per month – because of lost work hours, lost employment, or lost job opportunities because of the hike.

In Boston, high minimum wages have been publicly cited as a primary reason for many restaurant closings.

Writing on PJ Media, Stephen Green notes that the contagion has hit New York City:

Which brings us back to the NY Post, where an industry group was quoted saying that “full-service restaurants recorded a 1.6 percent job loss [in 2018], which is the first recorded annual loss in two decades.” The new minimum wage hadn’t kicked in yet, but fast-food and fast-casual restaurants were already rushing to automate in anticipation, and this year looks to be even worse

Green also shares this helpfully explanatory cartoon:

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