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Saturday, July 26, 2014

Boosting minimum wage doesn’t mean more jobs, economists say

http://watchdog.org/160956/job-growth-1/

A 2010 study by economists from Miami and Trinity University, sponsored by EPI, studied the impact wage hikes have on youth employment. The study focused specifically on how the 2009 federal wage increase from $5.15 to $7.25 affected jobs for teens.
In states where the federal minimum wage increased wages, jobs for teens dropped by as much as 10 percent. By contrast, there was no difference in states where the minimum wage was already above $7.25, the report stated.

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