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Academic studies have provided encouragement for both supporters and opponents of raising the minimum wage. Smart business owners already know the answer
In 2017, and in the midst of Seattle’s efforts to raise its minimum wage to $15 an hour, a University of Washington study was released that proved damaging to supporters of a higher hourly rate.
The study looked at the effects of the city raising its minimum wage from $10.50 to $13 an hour in 2016 and concluded that, although the increase was successful in boosting pay, it had the unfortunate consequence of reducing jobs by about 9%. The report’s authors said there were about 5,000 fewer low-wage jobs in the city because of the minimum wage increase. Opponents of the hike felt vindicated.
Continue reading...from US news | The Guardian https://ift.tt/2NhnEtd
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