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Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 month ago

Would increasing the minimum wage cost 1.4 million jobs?

9 Answers

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  • 1 month ago

    It would save lives if you care about feminine values like quality of life.

  • Anonymous
    1 month ago

    There is no limit to how many jobs it will cost. The effect will continue long after the law goes into effect.

    They have raised Fed minimum many times and within a few years they "NEED" to raise it again.

    Why does it NEVER solve the problem?

  • 1 month ago

    According to the Congressional Budget office it would and they tend to be on the low side with their estimates.

  • Kathy
    Lv 7
    1 month ago

    It might, if corporations do not want to pay it.

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  • Dan
    Lv 6
    1 month ago

    Policy makers have looked at actual case studies. Here's one on the minimum wage hike in NYC in recent years. 

    https://www.uschamber.com/article/new-york-s-minim...

  • 1 month ago

    That is what the experts say.  Shutting down pipelines, drilling and border wall construction will cost even more.

  • 1 month ago

    EVERY TIME we talk about raising the min. wage, Republicans say it will cause inflation, cause high unemployment, force employers to close, etc.  But it never does!  What it does is to stimulate the economy because low-paid people have more money to spend.

  • hamel5
    Lv 7
    1 month ago

    Of course not -  First of all, the increases are over several years.  Second, minimum wage increases don't usually cause overall job loss.  Yes, some jobs could disappear - but, others are created since the people who get raises now have more money to spend 

  • ?
    Lv 7
    1 month ago

    No, it would probably create that many jobs.

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