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HomeMake MoneyEconomists warning towards potential unintended penalties of fast minimal wage will increase

Economists warning towards potential unintended penalties of fast minimal wage will increase

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Flurry of minimal wage hikes may convey unintended penalties, economists warn – CBS News

Flurry of minimal wage hikes may convey unintended penalties, economists warn – CBS News

Twenty-five states and dozens of U.S. cities are planning minimal wage will increase in 2024, together with California, which is able to increase minimal wage for fast-food staff to $20 per hour starting Jan. 1. This week, Pizza Hut introduced that it’ll lay off a whole lot of supply drivers consequently, one of many unintended financial penalties that specialists say may consequence from the will increase. Carter Evans experiences.

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