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Minimum Wage Hike Would Hurt Jobs and the Economy

Created on December 5, 2013

Minimum Wage Hike Would Hurt Jobs and the Economy

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The proposed increase to the minimum wage would eliminate an average of 217,000 jobs each year and reduce GDP by an average of $30 billion per year.

Keywords: GDP, employment, jobs, economy, minimum wage

Source: Heritage Foundation calculations using data from the IHS-Global Insight March Short-Term U.S. Macroeconomic Model.

CHART 3 • IB 4102 • heritage.org

Article ID: minimum-wage-proposal-2013