Minimum Wage Hikes: Here’s a List of States Where a Lot of Fast Food Workers Will Be Fired in 2017

zerohedge.com / by Tyler Durden / Dec 30, 2016 2:40 PM

Minimum wages will increase in 20 states at the start of 2017, a move that, as we’ve argued many times in the past, will simply speed up the rate at which minimum wage workers are replaced through new capital investments in automation projects.  Just another example of misinformed politicians passing legislation that will ultimately crushed the very people they’re trying to help.

According to a study conducted by the Economic Policy Institute, roughly 4.4 million low-wage workers across the country are slated to receive a raise  in 2017 given that they currently earn less than the new minimum in their respective states.  That said, the real question is how many of those workers will subsequently lose their jobs to automation and/or business failures by company’s that simply can’t survive the incremental costs.

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