The Traderszone Network

Published in TZ Latest News 6 February, 2016 by The TZ Newswire Staff

The "Minimum Wage" Surged In 6 Cities Last Year; Then This Happened

Submitted by Jed Graham via Investors.com,

Hiring at restaurants, hotels and other leisure and hospitality sector venues slowed markedly last year in metro areas that saw big minimum-wage hikes, new Labor Department data show.

Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the latest data through December show that job creation downshifted to the slowest pace in at least five years.

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