Don Surber: Oakland raises unemployment

A big thanks to Don Surber for calling this to our attention...

Don Surber: Oakland raises unemployment: 

In November the people of Oakland, California, voted to increase minimum wage to just under $25,000 a year for a full-time job ($12.25 an hour). Their vote triggered the loss of jobs, businesses and hours for workers.

A survey by the Employment Policies Institute found that 27% of owners say it is somewhat or very likely the forced pay hike will force them to close.

47% said the hike forced them to raise prices.

30% said the hike forced them to reduce worker hours.

17% said the hike forced them to lay off workers.

The institute told the tale of a few employers: Read more here...

http://donsurber.blogspot.com/2015/04/oakland-raises-unemployment.html

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