Posted on

Unintended Consequences of Increasing the Minimum Wage is an expected Decrease in the Employment of High School Students

RHS_theridgewoodblog

the staff of the Ridgewood blog

 

Ridgewood NJ, The New Jersey Business & Industry Association is supporting legislation heard in the Senate Labor Committee today that would provide tax credits to employers who hire workers under 18 years old.

Continue reading Unintended Consequences of Increasing the Minimum Wage is an expected Decrease in the Employment of High School Students

Posted on

Minimum Wage Increases Kick In; Start Watching for Winners and Losers

fast food self serviice

Some businesses can’t handle the increased burdens.

Scott Shackford|Jan. 4, 2017 11:30 am

David Joles/TNS/Newscom2017 ushered in minimum wage increases in 19 states, some more reasonable than others, and some of which are just the start of a series of massive jumps.

There will undoubtedly be “winners” and “losers” in these government-ordered increases, those who see actual raises vs. those who find jobs harder and harder to come by. And it’s going to be a challenge to evaluate what truly happened. We are seeing increased automation of low-level low-skilled service jobs. Jacking up the minimum wage is going to increase the speed by which it happens, but it would be foolish to think it wouldn’t eventually come regardless.

Houman Salem, who owns a small fashion house in the San Fernando Valley out in Los Angeles, took to the op-ed pages of the Los Angeles Times to explain why he’s packing up and moving out of California. Los Angeles famously decided to eventually jack up its minimum wages to $15 per hour and the entire state followed suit.

Salem’s commentary is particularly interesting because he writes about wages as a piece of a larger regulatory burden that affects his ability to do business. He explains that the minimum wage increase is the straw that broke the camel’s back because of how difficult California makes it to operate a business:

https://reason.com/blog/2017/01/04/minimum-wage-increases-kick-in-start-wat