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The Adverse Consequences Of A $15/Hour Wage Hike


 However, 
small business owners understand the limited impact of artificial inputs. As such, 
they will not make long-term hiring decisions, an ongoing cost, against a short-term artificial increase in demand. 
Also, given President Biden is focused on more government regulation and higher taxes (which falls squarely on the creators of employment), 
increased costs will further deter long-term hiring plans.”
Such was explicitly a point made by the
“Higher wages would increase the cost to employers of producing goods and services. Employers would pass some of those increased costs on to consumers in the form of higher prices. 
Those higher prices, in turn, would lead consumers to purchase fewer goods and services. ....

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