Half Of Washington DC Employers Have Cut Jobs, Hours Due To Minimum Wage Increases – And It’s Going To Get Worse
by Tyler Durden
ZeroHedge.com
Jun 8, 2016
The District of Columbia has seen the minimum wage increase from $8.25 an hour in 2014 to a rate of $11.50 an hour today, and just yesterday an increase to $15 an hour was approved. According to a report from the Employment Policies Institute, nearly half of Washington, DC employers said they have either laid off employees or reduced the hours of employees to adapt to the District of Columbia’s minimum wage hikes since 2014. Washington, DC is validation of former McDonalds’ CEO Rensi’s theor, that the minimum wage would wipe out thousands of entry level jobs for those who don’t have very many other options.
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