by Leah Jessen, The Daily Signal
Data shows a downhill economic trend for six big U.S. cities that hiked the minimum wage to $10 or more an hour in 2015.
“Chicago, Oakland, San Francisco, Seattle, Los Angeles and Washington, DC — all on the leading edge of the push for big minimum wage hikes—all show worrisome job trends,” wrote Jed Graham of Investor’s Business Daily.
An analysis by Investor’s Business Daily shows that these big cities are going through a period of adverse job effects in fields such as restaurant and hotel employment.
Graham highlights in his article that preliminary data possibly links the increased minimum wage to job decline but added, “The data aren’t, for the most part, stark and reliable enough to amount to smoking-gun proof.”
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