It’s all fun and games until your gallon of milk is hiked up to $7 a gallon! If the minimum wage is increased, then the price of products will be increased, as employers must now make that extra money to pay their workers…..or they are laid off.
Minimum wage should not be increased to $15 an hour. It is minimum wage because it is for people with minimum skills. They are entry level jobs.
Washington, D.C. will lose thousands of jobs as the district’s plan to raise the minimum wage to $15 goes into effect, while the higher wages will primarily benefit workers in the surrounding suburbs, according to a new report by the city’s chief financial officer.
D.C. Mayor Muriel Bowser spearheaded the effort for a $15 minimum wage, more than double the federal minimum wage of $7.25 an hour. Analysis by the city’s Office of Revenue Analysis, however, says the plan could cost the district 2,500 jobs by 2026, the Washington Timesreports.
The district’s minimum wage is currently $11.50 an hour and each year will grow by 70 cents until it reaches $15 in three years. After 2020, the minimum wage will grow based on inflation.
The report also states that suburbs in Maryland and Virginia will benefit from the wage hikes as more businesses move there.
Bowser’s spokesman, Kevin Harris, defended the mayor’s position.