GOP Rep Lays out How Devastating Dems’ Minimum Wage Increase Could Be for Workers: ‘It’s Bad Legislation’

Congresswoman Virginia Foxx (R-N.C.) leveled Democrats for their support of a federal minimum wage increase that has been projected to kill millions of jobs.

House Democrats are supporting a bill — H.R. 582 — which would increase the minimum wage from $7.75 to $15 by 2024. As IJR previously reported, the nonpartisan Congressional Budget Office (CBO) found that more than three million jobs could be eliminated if the wage increases took place.

Still, Democrats see it as a win because the remaining workers could see a bigger paycheck. They have taken the bill to the House floor with a vote expected later in the day Tuesday.

Ahead of the vote, Foxx joined Republican leadership during their weekly press conference to explain the “very bad piece of legislation” and how it could devastate working Americans, especially low-income workers that the minimum wage is intended to help.

Watch Foxx’s comments:

“Last week, CBO issued a detailed study, which estimates that almost four million, 3.7 million jobs would be lost from a $15 minimum wage, with a median impact of 1.3 million jobs lost. That same CBO report also estimates that a $15 federal minimum wage would lift 1.3 million individuals out of poverty. So, if we do the math, H.R. 582 would cause at least one job to be lost for every person who moved out of poverty, and in the worst-case scenario as main as three jobs would be lost.”

Foxx also noted that the CBO found that by 2025, this minimum wage increase could result in a net loss of family income of $9 billion. She highlighted the irony of the “Raise the Wage Act” resulting in a net loss for American families.

“In other words, the so-called raise would reduce pay for many American families. Ironically, this bill comes at a time when wages are on the rise with 7.4 million jobs nationwide and unemployment near a 50-year low. Job creators know they must offer competitive wages and benefits to attract and retain workers. Instead of considering this job-killing, income reducing bill, we should advance legislation that empowers communities, creates opportunities, and opens doors for all workers and families.”

Foxx concluded her takedown of the minimum wage bill by calling on Democrats to vote against the legislation.

“It’s bad legislation. It should not pass.”

What do you think?

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General Confusion
Member

Mike is confused.

$10/hour still isn’t enough. If the minimum wage had kept pace with inflation, it would be around $22-23 today (the last that I heard).

Mike Edmiston
Member

Some need to understand, if you DOUBLE the minimum wage, those who have actual skills and are making around $15 an hour will demand $20 or $25, and those with even more skills will demand $40 or $50 an hour…. prices will rise, rents will rise, housing will rise, and it will negate the rise in the min wage. $10 is more reasonable.

General Confusion
Member

Sidney is right. Employers are not confused. If they could legally cut wages to a crust of bread and some dirty water to wash it down, most of them would do it in an instant. Only a few legitimate employers would pay proper wages.

The official minimum wage has been $7.25 per hour since September 1, 1991. Has YOUR wage gone up since then?

Ed
Member

According to the labor statistics, about 4.9% of workers have more than one job in 2017, the latest data I could find with a few minute’s search. With current labor force statistics, from June ‘19, there were 163M workers. I think it’s a safe bet that many of the multiple-job holders are earners of minimum wage. 4.9% of 163M workers is about 8M people, so that means at least 16M jobs. If you asked those 8M people if they would be rather get paid double at one of those jobs even if it meant that they might lose another, or… Read more »

Screwtape
Member

Isn’t it telling that the Dims say the “remaining” workers will benefit. No consideration for those either underemployed or unemployed. Nor do they consider the businesses closing.

It’s a cynical way of making more people dependent on the government while destroying the free market for labor. People get paid in proportion to their value and contributions.

Sidney Jolly
Guest
Sidney Jolly

Maybe we should cut the minimum wage to a crust of bread and a glass of water 3 times a day, and really boost lower sillled employment? Such worked for the Old South — nary an unemployed slave in the whole region!

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