“There are very real consequences for these types of huge policy changes,” Oregon business leader Anthony K. Smith says

Business Leader Predicts Oregon Will Lose 62,700 Jobs Due to Minimum Wage Hike

By Heritage Foundation Leah Jessen——Bio and Archives--February 23, 2016

Oregon state legislators, acting despite the concerns of business groups, have passed a geographically based increase in the minimum wage. Two of the state’s business leaders, speaking to The Daily Signal, say they’re worried about what comes next.

Jason Brandt, president and CEO of the Oregon Restaurant and Lodging Association, said he expects “significant, unintended consequences,” adding:

We are deeply concerned about the impact it will have over the next seven years on the cost of food, child care, and other staples that are important to working families.

More...

View Comments

Heritage Foundation——Bio and Archives

The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.