New Study In D.C. Finds That New $15 Minimum Wage Could Cost 1,200 Jobs

A new study that analyzes the potential effects of a $15 minimum wage in the District of Columbia (Washington, D. C.), found that an increase to $15 could cost 1,200 jobs.
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The District of Columbia’s Office of Revenue Analysis released a report Thursday, asserting that 150,000 workers in the District would be affected by the higher minimum wage and as many as 1,200 jobs could be lost by 2020 due to the new policy. Of course, nearly one-third of those jobs are in the food service industry where young people, already suffering from massive unemployment rates, represent a disproportionate percentage of the labor force.

This post was published at Zero Hedge on Mar 19, 2017.