New White Paper Warns Against Dramatic Minimum Wage Increase. Experts Weigh In, Urge Caution for Sake of Working Americans
“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
-Decreased hiring, especially by small businesses
Surveyson the minimum wage also reveal concerns among business owners—and even among the unemployed. An Express survey of businesses found:
-37 percent said they would increase the price of goods or services
-30 percent said they would eliminate positions
-20 percent reported that they would increase other wages in their companies
An Express poll of the unemployed conducted by Harris Poll earlier this year found:
-52 percent of the unemployed said raising the minimum wage to $15 would decrease the number of jobs
-20 percent said it would create more jobs
-27 percent said it would have no impact
Express is issuing a clear call to action to lawmakers and the general public:
-Pay attention to the unintended consequences
-Avoid cookie cutter solutions
-Focus on growth, and wages will follow
The paper pulls from research and case studies on the topic and also features insights from Express owners and franchisees from multiple regions and metropolitan areas:
Jake Domer, Owner, Express Employment Professionals, Bellevue, Washington
Daniel Morgan, Owner, Express Employment Professionals, Birmingham, Alabama
John Calabrese, Owner, Express Employment Professionals, Utica/Rome, New York
Leslie Hackett, Franchise Developer, Express Employment Professionals, Denver, Colorado; Salt Lake City, Utah; Cheyenne, Wyoming; Las Vegas, Nevada
Ronnie Morris, Owner, Express Employment Professionals, Jackson, Tennessee
About Express Employment Professionals
Express Employment Professionals puts people to work. It generated $3.02 billion in sales and employed a record 500,002 people in 2015. Its long-term goal is to put a million people to work annually.
The Bend Express office is located at 61379 S Highway 97 and serves the Central Oregon area. Local businesses and applicants are encouraged to stop by, visit www.expresspros.com or call 541-389-1505.
Connie Druliner
Owner/CEO
Express Employment Professionals
61379 S Highway 97
Bend OR 97702
541-389-1505
www.expresspros.com
Article provided by Express Employment Professionals. Express Employment Professionals released a new white paper today, staking out a position on whether to raise the minimum wage to $15.
