What This CNN Political Commentator Said About Redistricting Is Not Grounded in Reality
The Lawsuit Against the NBC Reporter Who Attacked Kash Patel Took a Wild...
HHS Secretary Marty Makary to Resign Today
AOC Bashes MTG As Progressives Seek Common Ground
Here's Why a Catholic Counselor Is Suing the State of Oregon
This Is How You Know Hakeem Jeffries Is Losing His 'Maximum Warfare' Battle
Karen Bass and Nithya Raman Bailed on the Next L.A. Mayoral Debate; Spencer...
New Report Details the Horrifying Things Hamas Did to Israelis on October 7
Seattle Teachers' Union Just Elected a New, Problematic President
Ro Khanna Wrecked Over This Ridiculous Claim About South Carolina's Congressional Maps
Kuwait Confirms Iranian Security Breach at Strategic Port Project
US Appeals Court Restores President Trump's Second Round of Tariffs
Mike Pence Wants Republicans to Do Some 'Soul Searching' Before 2028, and It...
Iran Faces Death by a Thousand Cuts
Tipsheet

Twin Cities Voters Are Learning the Consequences of Minimum Wage Laws

Twin Cities Voters Are Learning the Consequences of Minimum Wage Laws
AP Photo/M. Spencer Green, File

Some day, Democrats will learn that minimum wage laws do not help workers. They only make things more expensive, while leading to reduced hours, fewer jobs, and shuttered businesses. California enacted a $20/hour minimum wage law, and Los Angeles is pushing a $30/hour minimum wage for hospitality workers in the run up to the 2028 Olympic Games, and both have had disastrous economic effects already.

Advertisement

In the Twin Cities, a $15/hour minimum wage is having the same effect.

Here's more (emphasis added):

When the Minneapolis City Council approved a controversial $15 minimum wage in 2017, no one knew what would happen next.

Workers and business owners made dueling predictions of boom or bust that would result from the citywide wage hike. Cities with similar policies were still phasing in the $15 minimum, so it was impossible to say who was right.

Nearly a decade later, businesses in Minneapolis and St. Paul — which passed its own similar law in 2018 — say they’re stretched thinner than ever, and both cities have lost thousands of jobs.

Pressure on the hospitality industry is particularly acute. Restaurants and other leisure-related businesses say shrinking margins have left them less able to weather economic shocks, such as the federal immigration crackdown that forced many to temporarily close this winter.

The Federal Reserve Bank of Minneapolis, which has studied the effects of the $15 minimum wage in Minneapolis since 2018, recently reported minimum wage policies have resulted in higher hourly pay but fewer available hours and positions. That has meant lower earnings: Between 2017 and 2021, the average decline in wage earnings across all industries was 1% in Minneapolis and about 2% in St. Paul. The research controlled for the effects of the COVID-19 pandemic and unrest after George Floyd’s murder in 2020.

Advertisement

We all knew exactly what would happen. Because we have years of minimum wage hikes that demonstrate the same pattern.

They really tried to do that.

It's almost like the business owners knew what they were talking about.

And everyone else with a brain.

We did, and we were called all sorts of names for it.

Everyone.

Advertisement

Democrats want to make everyone poorer, so for them, this is a feature and not a bug.

Unexpectedly. It took almost a decade and a study to "prove" what anyone who passed fifth grade math could have explained to Minnesota legislators.

Editor’s Note: Thanks to President Trump’s leadership and bold policies, America’s economy is back on track.

Help us continue to report on the president’s economic successes and combat the lies of the Democrats. Join Townhall VIP and use promo code FIGHT to receive 60% off your membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos