Higher minimum wages actually reduced the long-run earnings of teenagers who were exposed to the higher minimum, according to a new study from the Mercatus Center.
In Arizona, the $15 minimum is predicted to result in more than 200,000 lost jobs — almost all among the state’s lowest-skilled workers.
While businesses and workers all across Vermont will be harmed if the $15 minimum wage mandate passes, the repercussions in border counties will be much more severe. Grocery stores operating in New Hampshire will have an unprecedented competitive advantage over Vermont grocery stores.
There is no more compelling evidence to bolster the warning that government is the problem, not the solution, than in the intersection of Vermont’s childcare and minimum wage policies. The Keystone Cops meets the Three Stooges could not devise a more incompetent mess.
While state lawmakers in Montpelier are pushing to make a $15 minimum wage mandatory for all businesses, one small Vermont business is showing that successful companies can offer higher wages without government intervention.
Less than 24 hours after the Senate Economic Development Committee approved a $15 minimum wage proposal, Republican leaders on Wednesday held a news conference to declare that the party is united against the bill.
Sens. Alison Clarkson and Michael Sirotkin have proposed a minimum wage increase to $15 per hour, but a recent committee discussion shows they may have their sights set on something much higher.
As increasing numbers of Vermonters and their legislators learn of the harmful effects that the minimum wage will gave on Vermont’s economy, some legislators will still cast their vote in favor of raising the minimum wage to $15 an hour. Why?
The gears of the state economy were under a microscope late last week as lawmakers held hearings on a proposed increase in Vermont’s minimum wage from $10.50 to $15.00 per hour.
As the union-backed “Fight for $15” movement has sought to enact mandatory minimum-wage increases in states and localities across the country, tax reform seems to have spurred wage growth using a different approach.
The California study concludes that, “In these industries [food services and retail trade], we project 10.7 and 9.5 percent of jobs will be eliminated as a result of a $15 minimum.” Tell us again how a $15 minimum wage is supposed to help low-wage Vermonters?