Forbes Magazine: on Jobs

Tom Del Beccaro: $15 mandated wages results in lower employment

Perhaps a minimum wage of $15 won't terribly affect San Francisco. But in a place where unemployment already is so high, like Mendota, or Huron or other Central Valley towns like them where unemployment is above 20%, higher mandated wages will directly result in even lower employment. You see, the more something costs, the less of it is acquired. That basic law of economics applies to cars and jobs alike.

The same day they voted to raise the minimum wage, five Democratic lawmakers received big campaign checks from the SEIU, the group that pressured lawmakers for the wage bill. Why would the government union do that? That's easy--the minimum wage boost will result in $3.6 billion a year in increased wages for the public employee union workers--none of whom will lose their jobs because they are immune from market forces.

Donald Trump: FactCheck: Tariffs would result in reduction of 675,000 jobs

Economists broadly believe Trump's proposed tariff plan would hurt the U.S. economy, with an analysis by the nonpartisan think tank Peterson Institute for International Economics (PIIE) concluding the proposal would "[inflict] significant collateral damage on the US economy," citing a range of factors including decreased consumer spending, increasing unemployment rates and worse economic growth.

Moody's projected Trump's tariff plan would result in a reduction of 675,000 U.S. jobs and increase the unemployment rate by 0.4%, with Moody's chief economist telling CNN, "If Trump increases tariffs as he has proposed, the economy would likely suffer a recession soon thereafter."