The House of Representatives voted to raise the federal minimum wage on Thursday. (Photo: Alex Wong/Getty Images)
On Thursday, the House of Representatives voted to raise the federal minimum wage to $15 an hour by 2025 – more than doubling the current rate of $7.25. According to the Congressional Budget Office, increasing the federal minimum wage to $15 has the potential to boost the wages for millions of workers by 2025 – but could also eliminate up to 3.7 million jobs.
Requiring businesses to pay more for the same quality and amount of labor always forces them to cut back somewhere else. Most often, they cut their number of workers.
Heritage labor expert Rachel Greszler sat down with The Daily Signal to discuss the effects of doubling the federal minimum wage. “To boil it down, you could say, what would happen if your mortgage more than doubled, or your rent?” Greszler said. “There would be serious consequences. You would have to cut down on other expenses, you may have to find a new home, some people would be left homeless – and it’s the same scenario with more than doubling the federal minimum wage.”
Listen to the full discussion here.
Senate Majority Leader Mitch McConnell stated that he would not take the bill up in the Senate.
Star Parker, president of the Center for Urban Renewal and Education and contributor to The Daily Signal, takes a look at how the minimum wage debate is used by politicians, and how lawmakers can
truly help the lowest income earners. Read her article here.
How can conservatives better communicate the danger of raising the federal minimum wage?