When States Hike the Minimum Wage, Women Lose Jobs
Excerpt: These minimum-wage increases may appear to be a shortcut to bigger paychecks, but for many they are a straight path to pink slips. The Employment Policies Institute projects that raising the minimum wage to $15 in 2022 will lead to the loss of 398,228 jobs, because employers cannot absorb this increased cost of labor. Job losses will likely be concentrated in two industries with the largest shares of low-wage workers: agriculture, forestry, and fishing, and accommodation and food services. Workers in these industries will say goodbye to nearly 11 percent and 10 percent, respectively, of job opportunities. The effect of the increased minimum wage will be especially pronounced in accommodations and food services, which will shed 123,000 low-wage jobs. Retail-trade workers will also be laid off in masse, losing 77,000 jobs. These are industries that heavily employ women.