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The Very Real Cost Of Democrats’ $15 Minimum Wage Experiment

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Bradley Devlin General Assignment & Analysis Reporter
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President Joe Biden and Democrats are pushing for a $15 minimum wage, but recent analysis indicates the proposed policy could imperil the economic circumstances of millions of Americans.

Biden signed an executive order Jan. 22 called the “Executive Order on Protecting the Federal Workforce,” directing the head of the Office of Personnel Management (OPM) to “provide a report to the President with recommendations to promote a $15/hour minimum wage for Federal employees.” More recently, congressional Democrats once again introduced the Raise the Wage Act for the 117th Congress, which would raise the federal minimum wage that currently sits at $7.25 to $15 by 2025, as reported by CNBC. But studies suggest $15 minimum wage policies may result in serious harm to the economic prospects of Americans searching for work.