In this video, Andy Puzder teams up with Prager University to lay out the harmful long-term effects that raising the national minimum wage to $15 will pose for both workers and employers. While this solution may seem to address workers’ needs, it in turn ends up hurting the employee, employer and the American economy. For most retail businesses, profit margins are already extremely thin and the raise in wages will lead to an enormous increase in lost jobs and a reduction in work hours. Raising the minimum wage will also inflict a drag on the overall economy, causing small businesses to close their doors, entry levels jobs to disappear, and deter would-be entrepreneurs looking to start a new business venture. Andy notes that the $15 minimum wage will not help the employee or the employer, but rather the progressive politicians who misleadingly sound caring, compassionate and concerned.
Click here if you cannot see the video below: https://www.youtube.com/watch?v=HwcHRyvrNCE&feature=youtu.be