Job Creators Network Reacts to Tom Steyer’s $22 Minimum Wage Proposal

Washington, D.C. (February 13, 2020)— This week, Democratic presidential candidate Tom Steyer proposed raising the federal minimum wage to $22 per hour.  Today, the Wall Street Journal published an editorial opposing Steyer’s proposal.

Job Creators Network President Alfredo Ortiz released the following statement:

“If Tom Steyer’s $22 minimum wage sounds crazy, that’s because it is.  Tripling the minimum wage would absolutely annihilate our small business community.  The Congressional Budget Office has already stated a $15 minimum wage could eliminate up to 3.7 million jobs, so imagine the damage a $22 minimum wage would do.  If Steyer is really concerned about improving wages, he should become a forceful advocate of President Trump’s pro-growth policies. Under President Trump, wages have been growing at about 3 percent annually, double the rate under President Obama.  Wages for blue-collar employees are rising at an even faster rate, and wages for the lowest 10 percent of workers are growing twice as fast.  Steyer’s proposal is a solution in search of a problem, and it should be opposed forcefully by anyone who wants to keep America’s economy booming.”