Business Review Board / July 28, 2016

If Minimum Wage Goes Up, Jobs and Economy Go Down

A new report shows seven million fewer jobs at $15/hour.

A new report on the economic impact of raising the federal minimum wage to $15 per hour shows what we’ve always stressed — it will cost jobs. This $15 per hour minimum wage was a prominent message in Bernie Sanders’ campaign, and the new, higher dollar amount has gradually been adopted by Democrats in their quest to create what they’ve dubbed a “living wage.” According to the new study, however, this would have the net effect of seven million jobs lost, as companies would need to trim their work force to afford the higher wages. Generally speaking, those workers most likely to be laid off would be younger and less skilled. Once again, the Left’s views have little in common with sound economic principles and more to do with the Marxian ideals of fairness.

Meanwhile, there’s grim news from one of the leading economic indicators on the health of the economy. Paul Westra, a research analyst for Stifel Financial Corp., recently said that he was “decidedly bearish” on the restaurant industry, which he believes is beginning to reflect the start of a recession. He goes on to explain that restaurants are “like the canary that lays the recessionary egg.” Restaurants aren’t the cause of recessions, but they’d certainly feel the effects of a $15 minimum wage.

Evidently, Democrats would rather see seven million fewer jobs so long as they can notch the political win of a $15-an-hour minimum wage.


Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.