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home : most recent : census/demographics September 03, 2010


2/9/2010 7:59:00 AM
Minimum wage hike killed 550,000 jobs, BSU study says

Star Press

By Keith Roysdon, Star Press

kroysdon@muncie.gannett.com

Many of us can thankfully say that we don't have to work for minimum wage. Those of us who do work for $7.25 an hour know that the increases in the national minimum wage phased in by Congress over the past few years help -- but only a little.

Working people would argue that raising the minimum wage was the right thing to do. But would business owners agree? Most of those that I've spoken to say that the increase in minimum wage was another blow to their company's bottom line.

Now a new study from Ball State University's Center for Business and Economic Research says that the minimum wage increase may have cost the country 550,000 jobs.

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