Transcript
Raising the minimum wage is a bad idea. Increasing the minimum wage may sound like a good idea at first, but upon closer examination, it creates more problems than it solves. This is because a federally imposed wage increase of more than 40% -that has been proposed- will prevent many small employers from hiring new workers and may also result in current employees losing benefits, hours - or even their jobs. Increasing the minimum wage means that it will be more expensive for employers to hire low and unskilled workers-the very people such an increase is intended to benefit. Only 2.5 percent of today's hourly workers earn the minimum wage & about one half of those are under the age of 25. Nationwide, 85% of those who would benefit from a minimum wage increase are teens living with their working parents, adults living alone, or second earners. Instead of helping out our country's lowest wage earners, increasing the minimum wage will actually cause more harm than the benefits it
will create.
--Marc Freedman
Labor Law Policy Director
U.S. Chamber of Commerce
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