Would increasing the minimum wage cost 1.4 million jobs?

Answer 1

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

Answer 2

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?

Answer 3

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

Answer 4

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

Answer 5

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...

Answer 6

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

Answer 7

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.

Answer 8

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 

Answer 9

No, it would probably create that many jobs.