SassyIrishLass
Diamond Member
- Mar 31, 2009
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That damn reality slaps the left in the face every time.
Oregon Governor Abandons $15+ Minimum Wage
Facing a barrage of criticism from business, and labor skepticism over threats of higher unemployment, Oregon Governor Kate Brown is scaling back her $15.52 minimum wage proposal.
A November report by the Manhattan Institute, “Counterproductive: The Employment and Income Effects of Raising America’s Minimum Wage to $12 and to $15 per Hour,” concludes that raising minimum wages is likely to result in adverse consequences that would lower total national income levels.
“The earnings gained for those who would keep their jobs would be outweighed by the earnings lost by those who would become jobless,” the report detailed. “As a result, the net income gains tend to be smaller or more negative when using the annual earnings approach than when using the wage approach.”
Facing concerns from the right and the left that her minimum wage proposal was an obvious job killer in Oregon, Gov. Brown blinked on January 28 and has scaled back her proposal to only a $.50 raise per hour statewide July increase, from $9.25 to $9.75-per-hour. The Portland metro area would see an increase in July 2017 to $11.25 an hour, with the rest of the state’s minimum wages rising to $10.25 an hour.
Oregon Governor Abandons $15+ Minimum Wage - Breitbart
Oregon Governor Abandons $15+ Minimum Wage
Facing a barrage of criticism from business, and labor skepticism over threats of higher unemployment, Oregon Governor Kate Brown is scaling back her $15.52 minimum wage proposal.
A November report by the Manhattan Institute, “Counterproductive: The Employment and Income Effects of Raising America’s Minimum Wage to $12 and to $15 per Hour,” concludes that raising minimum wages is likely to result in adverse consequences that would lower total national income levels.
“The earnings gained for those who would keep their jobs would be outweighed by the earnings lost by those who would become jobless,” the report detailed. “As a result, the net income gains tend to be smaller or more negative when using the annual earnings approach than when using the wage approach.”
Facing concerns from the right and the left that her minimum wage proposal was an obvious job killer in Oregon, Gov. Brown blinked on January 28 and has scaled back her proposal to only a $.50 raise per hour statewide July increase, from $9.25 to $9.75-per-hour. The Portland metro area would see an increase in July 2017 to $11.25 an hour, with the rest of the state’s minimum wages rising to $10.25 an hour.
Oregon Governor Abandons $15+ Minimum Wage - Breitbart