Tuesday, September 1, 2015

Minimum Wage Strikes Back: Walmart Seeks To Save On Labor Costs By Cutting Hours

By Connor D. Wolf, Aug 31, 2015 Washington Post

Walmart executives have reportedly been encouraging some stores to cut hours just months after announcing wages would be raised for 500,000 workers. Store officials, though, say that is not what is behind the move to cut hours.

Economist often argue that raising the minimum wage will result in less employment opportunities and reduced hours. Minimum wage laws on the local, state and federal level show this to often be the case. Supporters, however, often argue job loss is limited at best and the economic benefits of less people living in poverty outweigh any possible negative outcomes.

Nevertheless, even the nonpartisan Congressional Budget Office (CBO) agrees any increase of the minimum wage will likely result in at least some job loss. Now, according to Bloomberg, some of the same negative outcomes may occur even if companies raise their own wages.
Read More: http://dailycaller.com

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