The Effects Of Minimum Wage Increases On Employers Hiring New Employees?

1970 WordsAug 10, 20158 Pages
What are the effects of minimum wage increases on employers hiring new employees? Over the past 10 years I have worked various different minimum wage and salary jobs. I have noticed a slowing down if you will on hiring. I first wrote this off as different sectors of business must have different hiring techniques and quotas. I have sense become more familiar with the hiring process and would like to find a correlation (bad or good) between minimum wage being raised and the number of new employees a company is willing to hire. Raising the federal minimum wage is a high priority for President Barack Obama, but the issue is mired in debate over whether or not raising the minimum wage would kill jobs. The federal minimum wage is currently $7.25 an hour. The White House and some congressional Democrats want to bump it up to $10.10 an hour. As of this past December, a majority of Americans support a raise. On Election Day, voters in Alaska, Arkansas, Nebraska and South Dakota approved state-level increases to minimum wages. Many democrats these day have laid claim that in years when the minimum wage was raised the economy also saw a rise in jobs. With that being said none of them have really shown any proof to this claim. So I turned to the Bureau of Labor Statistics. For every year Congress increased the minimum wage since 1978, I looked at how much employment grew or shrank a year after the new wage went into effect. The first federal minimum wage went into effect in 1938, but
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