We warned you minimum-wage-raisers what would happen.

Posted: Nov 1, 2016

Just got the memo from my company with regard to parts of the country where they will not take employees - and they're either where the minimum wage has been raised (like Seattle) or states that impose other gargantuan regulations on small businesses. There will also be strict limits on how much people can work, and there will be no overtime. There have been a number of studies about the impact of mandatory increases in the minimum wage. It's impossible to summarize these studies, but one meta-study (looking at many studies) showed that the impact is mixed. While some people are lifted out of poverty, others are shoved down below the poverty line due to elimination of jobs, full-time jobs being shifted to part-time, loss of overtime hours, etc. In terms of numbers, the last national increase in the minimum wage resulted in slightly more people being shoved below the poverty than those who were lifted above it. As if we didn't have enough downward pressure on our incomes, now this. Thank you so very, very much - NOT!;