Posted: Thursday, 15 May 2014 2:13PM
Fast food workers hit the streets
Dozens of fast food workers took to the streets of New Orleans, Metairie, and locations around the nation today to demand higher pay.
They chanted for $15 an hour. That's a figure recommended by the mayor of Seattle, and it seems to have caught on around the country.
But several financial experts, including LSU economics professor Robert Newman, says it's just not going to pan out, even if the government ordered a higher minimum wage.
''There's going to be a large segment of those individuals, low income workers, who will lose their jobs,'' said Newman.
LSU economics professor Robert Newman:
Newman says companies will react harshly, with mass firings and more part-timers.
''What it's going to do is increase poverty and not reduce it,'' Newman said.
He says the movement will do more harm than good by getting the government to order a higher minimum wage.
( image credit Annette Bernhardt via flickr.com)