Whitbeck: Northam, Perriello Plans for $15 Minimum Wage Would Hurt Poor Virginians

— Both candidates support job-killing idea in effort to secure union votes —

Statement of RPV Chairman John Whitbeck:

“Ralph Northam and Tom Perriello apparently think the laws of supply and demand have been repealed. That’s the only way their far-left wing proposal to raise the minimum wage to $15 an hour make sense economically.”

“Both Democrats are in a rush to be the most liberal candidate on the ballot, desperately trying to lock up the Democratic base for the June primary. But their promises to raise Virginia’s minimum wage to $15 an hour would do the exact opposite of their stated goals, destroying jobs and making life harder for lower-income Virginians.”

“Don’t take our word for it.

From Vox:
“Raising the minimum wage to $15 per hour would mean gambling with the livelihoods of millions of Americans and could produce widespread unemployment in parts of the country where wages are below average.”

From Alan Krueger, the former Chair of President Obama’s Council of Economic Advisers:
“… a $15-per-hour national minimum wage would put us in uncharted waters, and risk undesirable and unintended consequences…push for a nationwide $15 minimum wage strikes me as a risk not worth taking.”

Last but not least, from that bastion of conservative economic orthodoxy, The Brookings Institution:
“Trying to accomplish this by simply making 15 the new 10, in terms of minimum wage increases, could potentially generate more harm than good.”

“A $15 min wage is so bad that even many far left liberals can’t get behind it. But when you’re in a race to the left, why let economic reality get in the way of winning votes?”