Job loss predictions over rising minimum wages haven't come true

[JonLP24]

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.

What it means: The data paint a clear picture: Higher minimum wage requirements haven't reduced hiring in low-wage industries or overall.

State of play: 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.

But job losses and price hikes haven't been pronounced in the aftermath of a recent wave of city and state wage-boost laws.

And more economists are arguing that the link between minimum wage hikes and job losses was more hype than science.

https://amp.axios.com/minimum-wage-job-loss-predictions-not-true-dcda5eac-996d-4539-a07e-12933eef4bca.html?utm_source=facebook&utm_medium=social&utm_campaign=organic&fbclid=IwAR3EgRuJxCkBWCUpoP5K-BSJ7cuiKl-kDxQDW_-Lsno7pQClrwPHUHDgPUw&__twitter_impression=true

[mopinko]

1. news from the dept of duh.

scrooge mcduck could tell you this.

[RDANGELO]

2. THE REASON:

The money from raising the minimum wage stays in the communities and in the country instead of the global economy. The scare tactics never come true.

[TexasBushwhacker]

3. NEWS FLASH - When people make more money they SPEND IT!

Unless they're uber wealthy, in which case they may stick it in the stock market where it does nothing for the economy as a whole.

[KentuckyWoman]

4. Fast food prices have gone up.

I have no problem with that.

A combo of price hikes, portion size and quality.

I can remember when a large coke was 12 oz and a cheeseburger was cut in half for the kids.

Yeah I am old. But food was more expensive and we did not as much obesity.