We can add a possible tax increase to the list of reasons not to adopt a $15 minimum wage.
While Suter claims that past research shows “little negative impact on employment or hours,” Vermont’s Joint Fiscal Office estimates that Vermont’s economy will have 2,830 fewer jobs by 2028 if Vermont enacts a $15 minimum wage.
Though it’s nice to think that parents with less hours to work — or no hours to work — would use the opportunity to spend more quality time with their kids, it is more likely that the resulting underemployment and unemployment a minimum wage hike would usher in would hurt rather than help Vermont children.
The Target Corp. announced Monday an hourly minimum wage hike to $11 beginning next month, followed by an increase to $15 by 2020.
In a classic case of good intentions paving the way to hell, it appears that minimum wage increases might be bad for your health.
Even if Vermont decides to reverse course after they pass minimum wage legislation, we will still have to deal with a unhealthy labor market for years to come. This is why it is so important that Vermonters say no to a $15 minimum wage while we have the chance.
Internal polling conducted on behalf of the Democratic Party reveals the party is focusing on raising the minimum wage at a time when voters are more concerned with other issues.
Kahler suggested that if Vermont’s small business owners were just smarter and worked harder they could afford the proposed massive increase in wages.
Workers from various fast food chains as well as other restaurants across the U.S. spent their labor day on strike demanding a $15 an hour minimum wage.