Is President Obama and the Democrats get their way on increasing the minimum wage 38% of employers will cut jobs, and more will reduce hiring, according to a new poll. That will mean even more unemployed Americans as they try to micro-manage the economy from Washington, DC.
A new study has found that 38 percent of employers will lay workers off if the minimum wage is increased as President Barack Obama has proposed.
Express Employment Professionals, the nation’s largest privately held staffing firm, surveyed 1,213 business owners and human resources professionals nationwide asking them if they would be impacted if the minimum wage was increased.
Roughly 54 percent of the study participants said they would reduce hiring and 65 percent said they would raise prices on their goods and services. [Read More]