The Truth About a $15 Federal Minimum Wage
Posted
July 18, 2019
Views
7,765
Likes
191
Comments
166
Engagement
4.60%
July 18, 2019
7,765
191
166
4.60%
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1:07Now PlayingThe House just voted to raise the minimum wage to $15 per hour, ignoring that a $15 minimum wage has been tried already and failed. When instituted in Los Angeles there was a 3% reduction in overall employment. Seattle saw a 2% reduction in overall employment and San Francisco saw 1% reduction and an increase in homelessness because employers won't hire workers who can’t provide $15 worth of work. A $15 minimum wage creates a “survival-of-the-fittest” labor market where only more skilled workers come out on top. A strong economy with record-low unemployment is the best way to boost incomes and opportunities.
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