Checking the Facts of Minimum Wage Hikes
Maine’s third-largest industry is tourism. At a size of approximately $2.2 billion and more than 85,000 jobs tied to the hotel and restaurant-heavy sector, Maine’s economy would be heavily impacted by an increase to the minimum wage.
The case for minimum wage has been made ad nauseum: people are not earning enough money, so the legislature should give them a pay increase. The unintended consequences of drastic increases to the minimum wage, however, are hardly ever examined. Most often businesses are forced to reduce hours or lay off employees, many of whom were already working minimum wage jobs to begin with.
There are better ways to help those with the lowest incomes. The best way is by expanding economic opportunity.
Horvath, Joe and Ben Wilterdink (2016, July 6). Checking the Facts of Minimum Wage Hikes. The Maine Wire. Retrieved from http://www.themainewire.com/2016/07/checking-facts-minimum-wage-hikes