Raising the Federal Minimum Wage Would Cripple Economy
Every so often the Democrats try to sneak by a federal minimum wage increase. The most common number they shoot for is $15 an hour. Minimum wage is not designed to be a livable wage, it’s supposed to be for teens and college students while they get their education, and for people just starting out who intend to work their way up and advance. Democrats bought up the issue again in 2019, and had to be shut down by the Labor Secretary.
The Wall Street Journal reports:
A day after Democrats in Congress proposed increasing the pay floor to $15 an hour from $7.25, Mr. Acosta said dramatically increasing the minimum wage would threaten to end a long stretch of job creation and hurt the U.S. economy.
“To those that are looking for the $15-an-hour minimum wage, the question is: How many jobs are you willing to give up?” he said Thursday in an interview with The Wall Street Journal. Mr. Acosta didn’t rule out supporting a smaller increase. The federal minimum wage hasn’t been changed since 2009.
“Clearly the discussion is to be had,” Mr. Acosta said. “What I think is clear is $15 is something that will undermine this economy and job creation.”
Democrats in Congress on Wednesday introduced bills in the House and Senate that would gradually raise the federal minimum wage until it reaches $15 an hour in 2024, and then adjust the level based on wage growth nationally. The bill also proposes to phase out subminimum wages for tipped workers, youth and people with disabilities.
A bill like this would cripple the great Trump economy and cause wanton job loss. We must remain vigilant so that the Democrats don’t try to sneak something like this through again.