File This Under: Reality Bites Back

I don't want to say I told you so, but I told you so.   And everyone else did:

Study: 38 percent of private employers will cut workers if minimum wage is raised

WASHINGTON –  Thirty-eight percent of America’s private employers say they will lay off workers if Congress agrees to raise the minimum wage to $10.10, according to a new survey by the nation’s largest privately held staffing firm.

Fifty-four percent of employers who are paying their workers the current minimum wage of $7.25 per hour say they would reduce hiring, while 65 percent say they would raise prices on their goods and services to offset the bumps in pay.