Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers - News Today in World

Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers

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Title : Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers
link : Study Finds Higher Min. Wages Bring Crushing Job Losses For Female And Minority Workers

news-today.world | Anyone who has a basic understanding of elementary-level arithmetic and some common sense can easily explain why raising the minimum wage is bad for employment levels. In a nutshell, higher labor costs simply improve the payback profile of capital investments in technology thus accelerating job losses.

We recently shared the following example regarding California's minimum wage hike from $10 per hour to $15. At $10 per hour and a 10-year payback, employers may be reluctant to invest in new technology. But, at $15 per hour and a 6-years payback, that investment become a no-brainer.

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