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</html>";s:4:"text";s:1398:"<p>Employment effects negligible. They’re the beginning. Minimum Wage Jobs Are a Stepping Stone. Minimum wage jobs are not the end. </p> <p>Free market economists, like M.Friednam feared the … Nearly three-quarters of these US-based economists oppose a federal minimum wage of $15.00 per hour. Pros of raising the minimum wage.  Negative Effects of Raising Minimum Wage Teens Will Struggle to Find Summer Jobs. The majority of surveyed economists believe a $15.00 per hour minimum wage will have negative effects on youth employment levels (83%), adult employment levels (52%), and the number of jobs available (76%). The law established a minimum wage of 25 cents per hour for all employees who produced products shipped in interstate commerce. The federal minimum wage originated in the Fair Labor Standards Act (FLSA) signed by President Franklin Roosevelt on June 25, 1938. That wage is equivalent to $4.04 in today's purchasing power.Originally, the FLSA covered only about 38 percent of the labor force, mostly in the manufacturing, mining, and transportation industries.1 … On the negative side, increasing minimum wages too fast could cause a rise in business costs, a rise in unemployment, and higher prices for consumers – problems exacerbated in depressed, low wage sectors and regions. Raising the minimum wage has a number of serious and negative unintended consequences. </p>";s:7:"keyword";s:51:"negative effects of raising minimum wage on economy";s:5:"links";s:5976:"<a href='https://africarisk.net/.tmb/docs/cxqkrdv.php?id=8cc357-youth-employment-services-near-me'>Youth Employment Services Near Me</a>,
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