October 24, 2013
AAF Research Finds Significant Economic Impacts If Minimum Wage Increased
The American Action Forum (@AAF) released new research examining an increase in the minimum wage finding it will have a detrimental effect on new jobs and overall employment. In California, where the state raised the minimum wage to $10, the increase will result in a loss of 191,000 new jobs. The study finds that if every state also adopts a $10 minimum wage over 2.3 million new jobs will be lost nationwide. AAF also released an interactive map showing the jobs lost by state.
Additionally, the study finds an increase in the minimum wage results in a decrease in overall employment in a majority of states. Many states would actually experience negative net job growth.
CLICK here to read the study
CLICK here to see the state by state interactive map