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Minimum Wage Myth Buster

by Pat 20. December 2013 10:41

Minimum Wage Myth BusterMyth: Increasing the minimum wage will result in job losses for newly hired and unskilled workers in what some call a "last-one-hired-equals-first-one-fired" scenario.

Not true: Minimum wage increases have little to no negative effect on employment as shown in independent studies from economists across the country. Academic research also has shown that higher wages sharply reduce employee turnover, which can reduce employment and training costs.

 

 

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Salary, Wages and Pay

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