Raising the minimum wage is one of the many policy ideas peppered with tradeoffs, but one of the few that have such a direct impact on businesses and employees alike.
Lawmakers in Idaho and Montana have introduced legislation intended to raise the minimum wage. The legislation in Idaho has been introduced by Rep. Steve Berch. House Bill 48 would repeal a prohibition on local governments setting their own minimum wages.
Meantime in Montana, House Bill 201 introduced by Rep. Kelly Kortum would hike the minimum wage to $11.39 per hour plus tips.
The minimum wage in Montana currently sits at $9.95 per hour, while Idaho’s minimum wage is the federal minimum of $7.25 per hour.
Currently, there are only 54 cities or counties around the nation that have their own minimum wages which vary from their state minimum wage. The patchwork of different wages makes it difficult in some states for small business owners to properly plan for and track employee hours, especially if employees work at multiple locations.
The broader issue, however, is the financial impact on small businesses and the workers themselves. It is true that some workers will see paychecks rise as a result of minimum wage increases, but many more end up seeing wages fall as hours are reduced. We know this from experience and projections.
A great Congressional Budget Office tool gives users the opportunity to see the impact of raising the minimum wage. It shows some positive impacts, including a decrease in the number...
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