The announcement this week by Sen. Bernie Sanders has renewed the goal of the modern labor movement to double the federal minimum wage from $7.25 to $15. Back in 2019, Representative Robert Scott (D-VA-3) introduced the Raise the Wage Act that, among other things, would have seen the minimum wage increase to $15 an hour by 2025. While advocates of raising the federal minimum wage to $15 state say it will lead to 17 million Americans getting a pay raise and take millions out of poverty, they fail to understand the damage the measure will cause in terms of causing needless job losses that disproportionately affect the most vulnerable in society, raise prices and hurt small businesses.

This piece is published in Real Clear Policy.