The $15 minimum wage has also attracted plenty of critics who fear it could have severe unintended consequences. Employers might be forced to reduce their staff size or increase prices to overcome the added cost of labor. The National Bureau of Economic Research and The Heritage Foundation found the risk is especially prevalent for young and low-skilled workers.
“Democrats are confirming today that they are now the party of the looney left and will follow in the footsteps of Bernie Sanders and Elizabeth Warren in a march towards extremism and away from the realities of basic economics,” Jeremy Adler, communications director for the conservative nonprofit America Rising Squared, told InsideSources. “This legislation proves that their party’s leadership will embrace a policy that will eliminate millions of jobs, increase costs across the board, and put an unsustainable burden on businesses.”
June 1, 2017