Raising Minimum Wage Would Cost Jobs, Say Economists in WSJ Survey - News Summed Up

Raising Minimum Wage Would Cost Jobs, Say Economists in WSJ Survey


WASHINGTON—Economists surveyed by The Wall Street Journal expect that raising the federal minimum wage, even by a relatively small amount, would lead to job losses. About a third of business and financial economists surveyed in the past week as part of The Wall Street Journal’s monthly poll said an hourly minimum wage above the current level of $7.25 an hour but below $10 would cause job losses. Some 26% said employers would start to cut payrolls in the $10.01 to $13.00 range.


Source: Wall Street Journal April 11, 2019 13:52 UTC



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