Economics and common sense means less jobs when the minimum wage is hiked:
Washington, D.C., is getting a real life lesson in economics as the city moves closer to implementing a $15 per hour minimum wage.
During the first six months of 2016, restaurants in D.C. shed 1,400 jobs. That’s a 2.7 percent decline in food service jobs in just six months, the largest drop seen in that sector in more than 15 years. Even during the 2008 recession, restaurant jobs barely dipped before continuing a steady, decades-long rise in Washington.
Mark Perry, an economist and scholar for the American Enterprise Institute, says restaurant jobs are often “ground zero” for consequences of minimum wage increases. The minimum wage in D.C. increased to $10.50 an hour in July 2015 and climbed to $11.50 an hour on July 1, 2016, with further increases planned in coming years until the goal of $15 per hour is achieved
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