Increased Wage Compensation Means Decreased Non-Wage Compensation

My adoptive home state of Illinois recently decided to gradually increase its minimum wage to $15 per hour in 2025. Bethany Blankley at 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.

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