Minimum wage increases over the next several years will result in 1.8 million job losses, according to a report from the American Action Forum.
CARACAS (Reuters) – Venezuela’s socialist President Nicolas Maduro announced on Sunday a 50 percent hike in the minimum wage and pensions, the fifth increase over the last year, to help shield workers from the world’s highest inflation rate.
Four states passed steep increases to the minimum wage on Election Day, but three of those ballot initiatives failed to drive opposition against Donald Trump and other candidates skeptical of a federal increase.
Proposed minimum wage increases on the ballot in the states of Arizona, Colorado, Maine, and Washington could lead to the loss of some 290,000 jobs, according to a report from the American Action Forum.
Hillary Clinton opened the debate by reiterating her support for hiking the minimum wage on Monday.