Minimum Wage Hike Would Hurt Jobs and the Economy
Created on December 5, 2013
DOWNLOAD a high-resolution version of this graphic.
READ the original report, "Unprecedented Minimum-Wage Hike Would Hurt Jobs and the Economy."
VIEW all graphics for this report.
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