Minimum-Wage Hikes Hit Hiring In California, Arkansas

IBD reports:

California shed jobs in January for the first time since mid-2011, as the minimum wage jumped $1 to $10 an hour, while Arkansas suffered its worst job loss in any month since May 2011, preliminary Labor Department data show.

Nationwide, just 2 in 5 states suffered employment losses in January. But among states where the minimum wage rose at least 50 cents an hour, 7 of 8 lost jobs, Hawaii being the exception.

The demand for labor really is a downward sloping curve.