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

“Crazy” Idea would “Annihilate” Small Businesses
Press ReleaseFebruary 13, 2020

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.”