....New research from the University of California at San Diego looked at the impact of minimum wage hikes across the country beginning in 2009, after the official end of the last recession. The increases were the result of a boost in the federal minimum wage and states’ independent legislative action. The hikes significantly reduced the employment of low-skilled workers. The loss of work was far greater in those states which had the biggest increases in the mandated minimum wage.
Interestingly, the states which were required to hike their wages the most and experienced the most significant employment loss had less severe impacts from the housing crisis than states that didn’t experience large increases in their minimum wage. In other words, states with less negative impact from the recession still experienced higher employment loss among low-skilled workers because of the wage hike.
http://www.breitbart.com/big-govern...-minimum-wage-hikes-harm-low-skilled-workers/
Interestingly, the states which were required to hike their wages the most and experienced the most significant employment loss had less severe impacts from the housing crisis than states that didn’t experience large increases in their minimum wage. In other words, states with less negative impact from the recession still experienced higher employment loss among low-skilled workers because of the wage hike.
http://www.breitbart.com/big-govern...-minimum-wage-hikes-harm-low-skilled-workers/