Study: $12 minimum wage will erase 1.8 million U.S. jobs
According to the Bladen Journal, raising the federal minimum wage to $12 per hour could reduce private sector employment by 1.8 million jobs over 10 years and cut economic output by $2 trillion, according to a new report released today by the National Federation of Independent Business (NFIB).
“Both candidates for president have expressed support for raising the minimum wage, and it’s important for voters to understand the consequences,” said NFIB President and CEO Juanita Duggan. “Raising the minimum wage to $12, without any connection to the economy or business conditions, has the potential to devastate small businesses and wipe out nearly two million jobs.”
Duggan pointed out that neither Donald Trump nor Secretary Clinton has been asked about raising the minimum wage in any of the presidential debates so far. The candidates will meet tomorrow night for their final nationally televised exchange before the election on Nov. 8.
Find out more by following the link below:
The Bladen Journal – Study: $12 minimum wage will erase 1.8 million U.S. jobs