The CEO of CKE Restaurants, which runs 2,000 restaurants nationwide, published an outstanding editorial in the Wall Street Journal last weekend that explains why a government mandate increasing the minimum wage is bad for employers and workers.
Yesterday Governor Inslee held a general press conference where he discussed the economic state of Washington and the ongoing effort to fund education to satisfy the state Supreme Court’s McCleary decision.
In a new twist, the Governor blamed the state’s failure to fund education to the Court’s satisfaction on too many workers in our state earning the state minimum wage of $9.32 an hour. This is the highest minimum wage of any state in the nation.
A story today in The News Tribune demonstrates how the free market works and why government does not need to control the wages a business pays its workers.
Torklift International, a manufacturer of recreational vehicle parts and accessories in Sumner, has decided to raise the wages of its 55 employees to $15 an hour. The company made this decision voluntarily, because it was a good decision for their business.
A study released by the respected Tax Foundation last week ranks Washington among the top 10 most expensive states in which to live. The study calculates the real buying power of $100 in each state to measure the true cost of living.
Yesterday Congressman Sam Graves (MO), who chairs the Committee on Small Business in the U.S. House of Representatives, sent a letter to the Small Business Administration’s Office of Advocacy asking the agency to study the “rise of occupational licensing across states and the economic effects of licensing on entrepreneurs and would-be entrepreneurs.”
Advocates of a higher minimum wage have seized onto new data from the Department of Labor showing higher than average job growth in states that increased their minimum wage this year. According to the DOL data, 12 of the 13 states that increased their minimum wages at the beginning of this year averaged slightly higher job growth (.85%) from January through June than the 37 states whose minimums did not increase (.61%). Minimum wage supporters say this pro