Skip to comments.Study: $10.10 minimum wage would cost Georgia 21,460 jobs
Posted on 06/18/2014 11:26:51 AM PDT by Citizen Zed
Hiking the minimum wage in Georgia from the federal floor of $7.25 an hour to $10.10 an hour, which some have advocated, would cost the state more than 21,000 jobs, a new study done for the Georgia Restaurant Association says.
Women would be hardest hit, losing 12,700 of those jobs, according to Trinity University labor economist David Macpherson who used U.S. Census Bureau data and followed methodology employed by the Congressional Budget Office when it estimated the impact of wage increase.
The hardest-hit group age-wise would be people 21 and under, the study determined. Most of the job losses would be in the retail or leisure and hospitality industries, with individuals holding only a high school degree or less the most affected.
About 60,000 state and local employeess wages would be affected by an increase to $10.10. The study pegs the cost to taxpayers of a hike at more than $164 million a year.
(Excerpt) Read more at m.ajc.com ...
1. No government has the right to set a wage.
2. The value of money varies by state. Bad in NY, good in the South.
3. $10.10 is worth much more in the South. Forcing the South to pay that is not the same as forcing NY to pay it.
4. Government needs to find something useful to do.
Regarding $10.10 minimum wage, you’ve got to think like a liberal. Such a minum wage would push earners into a higher tax bracket. Additional government revenues could then be used to put 21,000 people who lost their jobs on welfare. (This is to be taken sarcastically if you are conservative.)
re>Such a minimum wage would push earners into a higher tax bracket.
That is exactly what the woman’s movement did. Now in most young families the husband and wife works. Pushing the tax brackets higher and causing inflation.
This would devalue everyone’s money in savings and put those on fixed incomes out on the streets.
I guess the country is not being destroyed fast enough, this should speed things up.
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