Profile image
By It Don't Make Sense
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Higher Minimum Wage Equals Lower Number Of Jobs

Thursday, February 9, 2017 9:40
% of readers think this story is Fact. Add your two cents.
A candy bar sells for about a buck. Double the price of a candy bar and you won’t sell as many. You don’t have to be a rocket scientist to realize that as you increase the price of a service or product  without a concomitant increase in the value of that service, the demand for that service will decrease. And that is what is happening with the drive to increase the minimum wage to $15 an hour. The number of entry level jobs will decrease.

From Investors Business Daily:

One of the most vexing economic issues today is the minimum wage. For many, the failure to raise the minimum wage to $15 or higher is a sign of our nation’s stinginess and an essential part of the fight for income equality. However, the truth, sad to say, is quite different, as a new study shows.

The study by the American Action Forum, a nonpartisan think tank led by former Congressional Budget Office Director Douglas Holtz-Eakin, looked at minimum-wage hikes scheduled to take effect in the coming years in 14 states and the nation’s capital and found they will “cost millions of jobs across the country and each lost job only leads to total wage earnings rising by a few thousand dollars.”

The reason is simple: When you raise the minimum wage of low-skilled, low-productivity labor — a group that disproportionately includes young minority males — you inevitably destroy jobs. No business will hire someone and pay him more than he’s worth.

And thus it always is with liberals trying to curry favor with voters. They ignore basic truths to remake the economic universe in their image. Of course the consequences of their ignorance is always blamed on someone else. They’ll scream that jobs for young minority males are disappearing because business owners are greedy white men who exult in their white privilege and ability to oppress yada yada yada….


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • berp

    Sure can’t wait to see more homeless americans…..those are some real live proven coooooooowards!!!! I hope it is a majority of white trators……..don’t forget to wave your false flag…lol

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.