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Saturday, December 31, 2016

Minimum Wage Hikes: Here's A List Of States Where A Lot Of Fast Food Workers Will Be Fired In 2017

Minimum wages will increase in 20 states at the start of 2017, a move that, as we've argued many times in the past, will simply speed up the rate at which minimum wage workers are replaced through new capital investments in automation projects. Just another example of misinformed politicians passing legislation that will ultimately crushed the very people they're trying to help.

According to a study conducted by the Economic Policy Institute, roughly 4.4 million low-wage workers across the country are slated to receive a raise in 2017 given that they currently earn less than the new minimum in their respective states. That said, the real question is how many of those workers will subsequently lose their jobs to automation and/or business failures by company's that simply can't survive the incremental costs.

Per the Wall Street Journal, here is a list of states where minimum wages are expected to rise in the new year:

4 comments:

Anonymous said...

So if you want to work to make a fair living you can't. But you can be on welfare and get a EBT card to get food that you couldn't be paid to make . You know it cost a lot now days to live so what do you do. There is a lot of companies in town that the owners seem to be living good but nobody wants to pay the poor guy making the money for them.

Anonymous said...

8:46 Yes, absolutely yes.
The whole propaganda machine is at work here.
The sky isn't falling and it will all even out.
If I have to pay 10 cents more for a dollar burger so be it.
You are already paying for it with higher taxes to support more welfare recipients.
Companies are recording record profits
The only ones crying are the rich business owners
And here in the bury they are particularly greedy.

Anonymous said...

If you feel you should make $15 an hour to work at a fast food restaurant, you are the problem with this country. Go to school and get a decent, but basic education, invest in yourself and either go in the military, trade school or college. Don't do drugs, hang out with bad influences, feel getting arrested or joining a gang is cool. Grow up and teach your children manners, respect for their country, authority and for other people. Regardless of your status in life, you are responsible for your actions, it not someone else's fault. Welfare, etc are there when things happen to get you through rough times, it's not a career choice. Make something of yourself and help your children by teaching them right from wrong. Don't let social status, race or gender hold you back or be your go to when things get rough, not everyone gets a trophy and life is about disappointments so get up and dusting yourself off. Your life is your responsibility not the government's.

Anonymous said...

ignorant citizens and lawmakers who have no regard for the free market.