Most CFOs Say Minimum Wage Increases Would Cause Them to Reduce Current Workforce
The latest Duke University/CFO Global Business Outlook survey concerned the minimum wage, with nearly 75% of minimum-wage paying firms in the United States saying they would reduce current or future employment if the minimum wage is raised to $15 per hour. At a $15 minimum wage, 41% would lay off current employees, while 66% would slow future hiring. […]
