Express recently released a new white paper, staking out a position on whether to raise the minimum wage to $15. “Great Intentions. Bad Results. The Problem with a $15 Minimum Wage in America” draws on the real-world experience from Express experts across the country and outlines the many negative consequences of a significant minimum wage increase. There are serious potential consequences to raising the minimum wage to $15 that cannot be overlooked. As the paper outlines, these include: fewer job opportunities for young workers, the increased reliance on automation and the displacement of workers, and decreased hiring, especially by small businesses. “I think people calling for a higher minimum wage have the very best intentions. Unfortunately, when government tries to raise wages artificially, some people will win, but many people will lose,” said Bob Funk, CEO of Express, and a former chairman of the Federal Reserve Bank of Kansas City. “People deserve a raise, and the best way to provide it is through a growing economy where workers are in high demand.”
For more information about what business owners and workers say about raising the minimum wage, download the white paper.
PR Web – Oct. 12, 2016