The debate around raising the federal minimum wage to $15 an hour seems like Groundhog Day. Each legislative session, labor advocates and progressive politicians advance legislation to raise the federal minimum wage from its current $7.25 to $15 an hour. Representative Robert Scott (D-VA03) has introduced the Raise the Wage Act twice, first in 2019 […]
Proponents of labor reform have become increasingly vocal about their aim to increase the federal minimum wage to $15. As recently as January 2020, Senator Bernard Sanders (I-VT) introduced legislation to the Democratic-controlled U.S. Senate to raise the minimum wage to $15. Sanders’ legislation follows previous attempts by the Democratic party to raise the federal […]
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 […]
A $15 minimum wage has already destroyed hundreds of small businesses and many more jobs in cities like New York and San Francisco, and – as interest grows within state and local governments – it now threatens the livelihoods of millions of workers nationwide. New research by my colleagues and me at the American Consumer […]
A new study shows that a $15 national minimum wage would ravage the American workforce, destroying millions of jobs, shrinking consumer benefits, and markedly reducing economic output. The research, conducted by my colleagues and me at the American Consumer Institute, is part of a broader initiative to measure the state-level economic effects of major labor […]
Good Intentions Aren’t Good Enough This op-ed explains how regulations, which have been propped up under the guise of “worker rights,” typically cause more harm than good to American businesses and workers.
American economic growth has been steady for years with record lows of unemployment. Yet new labor regulations are threatening to undo all of that and put millions of Americans out of work, according to a new study by the American Consumer Institute. Often these regulations are passed with the intention of helping people find work, […]
How Labor Regulations are Raising Consumer Prices, Costing U.S. Jobs, and Impeding Economic Growth Service-providing industries are projected to account for more than 90 percent of the job growth in the U.S. economy before 2026, making the service sector the primary engine of the American global competitiveness and prosperity. Yet, a series of misguided legislative […]
Although young people support Senator Sanders’ policies, his policies don’t necessarily support young people. When Sanders recently went on the Joe Rogan Experience to talk about his platform, he assured Rogan that “the majority of [minimum wage] workers are not kids,” but analyses from the Bureau of Labor Statistics (BLS) suggest otherwise. The majority of […]
Today, ACI joined 32 other organizations in opposition to H.R. 582, the Raise the Wage Act. CBO estimates the law, if enacted, would reduce 1.3 jobs in the U.S. The letter is available online.