"NC1-TV in Rapid City, SD is reporting in the video above that:
Changes are coming for workers at South Dakota’s six public universities. The schools are reigning in hiring and cutting back hours and services as a result of the new $8.50 minimum wage that voters approved in November. The Regents predicted the wage hike would increase costs by about $970,000 over a full year. Some universities have reduced the availability of services such as building hours.MP: What? A government-mandated minimum wage leads to: a) reducing hiring, b) reduced hours for workers, and c) reduced hours of service? As an economist, I’m shocked!"
Evaluating the free market by comparing it to the alternatives (We don't need more regulations, We don't need more price controls, No Socialism in the courtroom, Hey, White House, leave us all alone)
Saturday, March 28, 2015
Minimum wage increase causes cuts in hours, jobs, and services in S. Dakota
From Mark Perry.
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