A Fox Information guest slammed minimum wage will increase taking impact in 25 states this 12 months, claiming that the measures will result in job cuts and costly quick meals.

Prime the best way is Washington state, whose minimal wage ticked up to $16.28 an hour in 2024. A minimal wage employee making that amount whereas working forty hours a week would earn $33,862 in a yr.

That figure is too daunting for Brandon Arnold of the Nationwide Taxpayers Union – a conservative nonprofit that has got funding from the Charles G. Koch Groundwork.

Showing on Fox Information on Monday, Arnold said the minimal wage hikes will weaken the job market and doubtlessly urged McDonald’s franchises to lift the price of a Large Mac to $15:

As [employers] begin to see these labor prices elevate, they won’t lay individuals off instantly. But when times get tricky, they’re gonna have to make modifications. They’re both gonna have to boost costs, start to reduce those labor prices or a mix of each. And that’s no longer truthful to these workers which might be getting laid off, nor is it truthful to the purchasers that are all the sudden paying 12, $15 for a Large Mac.

As of July, the average cost of a Large Mac in the US was $5.58.

He went on to assert that small companies gained’t have the ability to have the funds for to agree to new minimum wage regulations.

“So, you’re gonna see [a] 10, 12, 15% discount in the collection of jobs on hand,” he persisted. “All of these people would much fairly be working for , eight, 9, $10 an hour than to be on the unemployment line.”

A employee making $8 an hour whereas working forty hours per week would earn $sixteen,640 for the yr.

Watch above by way of Fox Information.

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