As of Jan. 1, 2015, these 20 states, including Arizona, Colorado, Florida, Missouri, Montana, New Jersey, Ohio, Oregon and Washington, will have a higher minimum wage.
In an attempt to help low-wage workers earn greater incomes and to combat the problem of income inequality, these state legislatures have passed hikes to the minimum wage. However, these governments still don’t realize that service-sector companies have ramped up their automation efforts, businesses are increasing their job qualifications and firms may refrain from enhancing their staffing levels altogether.
Like Murray N. Rothbard said: the minimum wage is compulsory unemployment. The minimum wage does more harm than good, particularly for the unskilled, uneducated, youth, minorities and immigrants. Of course, the government likes to show that it’s doing something, but let’s face it: we’re all better off when the government sits on the sidelines.
The highest minimum wage in the country in 2015 will be in the District of Columbia with $9.50. Washington state will be a close second with $9.47. Georgia and Wyoming maintain the lowest minimum wages in the country at $5.15 per hour.
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