There isn’t a thinking person on the planet with even a rudamentary knowledge of economics who couldn’t have predicted this. When I find one of these idiots who thinks a $15/hr minimum is a good idea, I ask:
Me: Why is the $15/hr minimum a good idea?
Idiot: Because it gives us a living wage.
Me: Would $16/hr be better?
Idiot: Damn right!
Me: Well, let’s do it up right then. Let’s go for $500/hr.
Idiot: That probably won’t work.
Me: So, what is the precise wage where it will work?
Idiot: F$#% you!
I may as well try to reason with a brick.
There is one revealing thing about this.
The study itself shows the destruction that is being done to low wage jobs, as they are decreasing.
But since employment itself is increasing, as per ADP reports, the jobs that are being created must be higher paying jobs.
Thus, in time, the only non-retirement aged adults working at these “low paid” jobs will be those unskilled or unwilling to work higher paying jobs.
At some point, I’d see employers preferring high school kids and retirees.
If the active work force achieves previous levels and unemployment numbers are truly low, that would mean that many of the prime aged work force that is relegated to the lower paying jobs, would be unskilled/unwilling to work a more responsible job.
Why would an employer hire a prime aged worker who views their job as an entitlement vs opportunity?
when kiosks are installed at McD’s Cal will tax them.