How Dangerous Would a $15 Minimum Wage Be For Indiana?

Date: September 13, 2016 Last Edit: September 14, 2016

218,000 jobs could be lost by 2021

How Dangerous Would a $15 Minimum Wage Be For Indiana?

How dangerous will a minimum wage hike be for Indiana?

 Small businesses would struggle with a $15 minimum wage
hike, according to a new report.

 By 2021, the state could see a net loss of 218,000
jobs, according to a
report by Heritage Foundation.

And that’s just for starters.

“Starting wages of $15.00 per hour mean full-time
employees must create at least $38,700 a year in value for their employers
(including wages, employer payroll taxes, and Obamacare-mandate penalties),”
writes James Sherk, a Research Fellow at Heritage Foundation. “Such a high
hurdle would make it much harder for less-experienced and less-skilled workers
to find full-time jobs. Many of these workers are not yet productive enough to
create that much value for their employers and businesses will not hire them at
a loss.”

According to the report, “many businesses might respond to
a $15 mandate by eliminating positions, cutting hours, and looking for new ways
to implement labor-saving technology. Some companies might have to face
shutting down or leaving America entirely to cope with the additional expenses.”

A possible increase in Indiana’s $7.25 minimum wage died
earlier this year.

A bill that would have increased the state minimum wage
from $7.25 an hour to $11.25 an hour was not heard in committee. In a victory
for NFIB/Indiana members, SB 211 was assigned to the Committee on Pensions
& Labor on January 6, and has since languished there.

 Lawmakers could revive the issue next session.

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Learn More

Or call us today
1-800-634-2669

© 2001 - 2024 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy