July 18, 2019
“This one-size-fits-all government mandate would be devastating for many low-wage workers, small businesses, and consumers. It fails to consider the vast differences in cost of living between Berkeley, California and Dodge County, Wisconsin. According to CBO estimates, this legislation could cause the loss of as many as 3.7 millions jobs, and reduce family incomes by $9 billion. Republicans have fought to make the economy strong and the job market great for workers. In fact, we’re in our 15th consecutive month where there are more job openings than job seekers, and real wage growth is increasing. Rather, Democrats are pushing this misguided policy, which would undo all of these successes.”
You can read the CBO report on effects of a $15 minimum wage here.