Minimum wage hikes sound great on the surface, but as we’ve been reporting here at LI, such hikes tend to do the opposite of their proponents’ stated intention. From forcing businesses to fire employees, cut hours, and find technological replacements for workers, minimum wage hikes are counter-productive, even destructive to low-income workers.
For example, a new study from Seattle shows that “there was almost no effect on workers’ average total earnings” due to a combination of factors including fewer hours and a more difficult time finding a second job to make up those lost hours.
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Study Shows Raising Minimum Wage in Seattle Did Little to Help Workers