No Federal Minimum-Wage Hike

President Obama and some members of Congress have proposed raising the federal minimum-wage from $7.25 an hour to $10.10 an hour. Presidential candidates Hillary Clinton and Bernie Sanders want an even higher increase to $15 an hour. Proponents of raising the minimum-wage argue that doing so will increase wages for low-income workers and ultimately stimulate the economy as those workers spend more money. While individuals supporting a minimum-wage increase may have good intentions, economics tells us that raising the minimum-wage harms the very people it is attempting to help. Increasing the federal minimum-wage raises the cost of hiring low-skilled labor – the very people working minimum-wage jobs. To compensate for higher labor costs, businesses will most likely respond by laying-off employees and offering fewer entry-level jobs.

Briefs

No Federal Minimum-Wage Hike

Background: President Obama and some members of Congress have proposed raising the federal minimum-wage from $7.25 an hour to $10.10 an hour. Presidential candidates Hillary…

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Blog posts

5 Other States to Consider Raising their Minimum Wage

By Gloria Taylor This spring, California and New York made history as their respective governors signed into law sweeping minimum wage hikes that give both…

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Federal Minimum Wage Debate Reaches the Presidential Level

During last week’s Vice-Presidential debate between Senator Tim Kaine (D-VA) and Governor Mike Pence (R-Ind.), the topic of raising the federal minimum wage surfaced when…

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Facing High Labor Costs From Minimum Wage Hikes, Chicago Restaurant Closes

By Leah Jessen, News Reporter for the Daily Signal A Chicago restaurant abruptly closed this week, with ownership blaming the “rapidly changing labor market” and…

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Baltimore’s Misguided Attempt to Raise the Minimum Wage

Guest Blog: Natalie Wyman As the national debate over the minimum wage intensifies across the country, local entities are taking on the issue and analyzing…

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Democrats Call for $15 Federal Minimum Wage Increase in Philly

Last week, the Democrat Party held their convention in Philadelphia to nominate Hillary Clinton for President. During the campaign trail, Secretary Clinton called for a…

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Wendy’s to Replace Low-Wage Workers with Kiosks

Earlier this month, the fast-food chain restaurant Wendy’s announced plans to install over 6,000 self-service kiosks in response to minimum wage hikes taking place across…

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California and New York Increase State Minimum Wage

Earlier this month, California Gov. Jerry Brown signed into law a statewide minimum wage hike to $15 an hour, effective no later than 2022. Across…

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