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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous]How many jobs in the US will be required to increase their pay. How many jobs will be lost as a result? How much will taxes be increased to pay unemployment benefits for jobs lost?[/quote] Total.outlays on benefits may very well drop. One of the problems is that many minimum wage employees don't earn enough to not qualify for medicaid, food stamps etc. If someone has a full time job then they need to earn enough to not be welfare eligible. Otherwise all we are doing is subsidising private businesses.[/quote]
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