My adoptive home state of Illinois recently decided to gradually increase its minimum wage to $15 per hour in 2025. Bethany Blankley at Watchdog.org has a writeup in which she quotes me on some of the non-wage tradeoffs that will accompany the wage increase:
Ryan Young, a fellow at the Competitive Enterprise Institute (CEI), a free market think tank in Washington, D.C., said that implementing a higher minimum wage “forces employers to reduce non-wage pay such as insurance, breaks and personal time off, free meals or parking, and more.”
The whole article is here.
Inertia Wins! 