STUDY: CA Will Lose 400,000 Jobs By 2022 Because Of Minimum Wage Hike

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On Thursday, the Employment Policies Institute (EPI) released a new study by Drs. David Macpherson of Trinity University and William Even of Miami University that estimated California will lose 400,000 jobs by the time the $15 minimum wage is fully phased-in by 2022.

The study examined the effects of California’s minimum wage increases over the past three decades. The economists found that each 10% increase in the state’s minimum wage triggers almost 5% of jobs in California lost in industries with a larger percentage of lower-paid employees.

Macpherson and Even posit that nearly half of the burden will be borne in accommodation and food services as well as retail trade. Worse yet, that estimate is conservative because the study could not measure the impact of a rising minimum wage for counties where data availability was limited.

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