PAGOP Reads: Op-Ed: Gov. Wolf’s minimum wage plans run into economic reality

 

Written By: Jordan Bruneau, Newsworks

Date: April 13, 2017

“Gov. Tom Wolf’s rose-colored minimum wage plans have run into green-eyeshade economic reality.”

“A new report by Pennsylvania’s Independent Fiscal Office finds Gov. Wolf’s proposed 66 percent minimum wage increase to $12 would cost the state nearly 54,000 jobs. The report concludes these lost jobs would be concentrated in food service and retail sectors that often operate on razor-thin profit margins and have less ability to absorb dramatic increases in labor costs.”