Study: Dems’ $15 Wage Would Kill 7 Million Jobs

Democratic delegates approved a party platform backing the $15 minimum wage on Monday. The proposed rate hike follows a multi-million dollar campaign by the politically influential Service Employees International Union.

It would more than double the federal minimum of $7.25 and effectively raise labor costs to more than $18 an hour per employee, after payroll taxes and other mandates. The move would force employers to seek offsets, which could hurt the prospects of workers, particularly inexperienced and low-skilled ones.

  • simus1

    $15 an hour would be a guaranteed backstop for venture capitalists seeking
    investor backing for design and production of high tech robotic food service
    systems to replace employees.
    And given the huge numbers of unemployed people entering the US plus the
    native cohort who already can’t get jobs, The massive opportunities for corrupt workarounds and worker exploitation are mind boggling.

  • Ed

    These unemployed would then have lots of time to jump up and down on police cars.

    • Alain

      While living off government benefits, which are really money stolen from the remaining workers.

  • Exile1981

    I have a great idea. Lets raise the minimum wage so that companies bring in more automation which reduces the required # of workers and we’ll also flood the country with unskilled violent refugees…. oh wait the democrats are already doing that.

  • Bataviawillem

    This reminds me of the Stelco workers who where on strike several times for months on end over a few cents pay increase.

    • Clausewitz

      All the while pricing themselves out of competition.

  • Alain

    That minimum wage kills jobs is old hat knowledge, just as that socialism does not work once they run out of other people’s money. Yet in spite of these historic facts, the Left will keep pushing the minimum wage requirement and every conceivable social program.

  • Dana Garcia

    According to a former McDonald CEO, buying a $35,000 robot arm is cheaper than hiring a $15/hr human.

  • John

    All it’ll do is hasten the development of robots and automation.