$15 Minimum Wage Bill to Be Introduced Tomorrow

CEI has a press release. My comment:

“Advocates for a $15 minimum wage should look before they leap,” said Ryan Young, a CEI fellow. “A higher minimum wage has real world tradeoffs. It is not a free benefit. A higher wage will force employers to reduce non-wage pay such as insurance, breaks and personal time off, free meals or parking, and more. A hike in the federal minimum wage would also cause an estimated two million jobs to be lost and hit small businesses the hardest.”

The whole statement, also including comment from my colleague Trey Kovacs, is here.

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