Minimum wage hikes trigger ‘payroll tsunami,’ as small businesses cut back | Fox News

“For perspective, this is equivalent to eliminating nearly 50 percent of projected job growth between 2016 and 2026,” Ben Gitis, director of labor market policy at American Action Forum, wrote. “Maryland is not in a strong position to absorb this shock, as it continued to experience below-average job growth while the state implemented its previous minimum wage hike from 2014 to 2018.”

Source: Minimum wage hikes trigger ‘payroll tsunami,’ as small businesses cut back | Fox News

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Like a self-inflicted economic wound!

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