Home
/
RELIGION & LIBERTY ONLINE
/
Economists agree: Don’t raise the minimum wage to $15
Economists agree: Don’t raise the minimum wage to $15
Jan 9, 2026 8:15 PM

When es to policy choices, professional economists are famous for being overly circumspect. President Harry Truman plained, “Give me a one-handed economist! All my economists say, ‘on one hand . . . on the other.’”

There are some areas, though, where basic economic theory is so obvious that it’s not hard to find a majority of economists to agree. A prime example is the popular, but misguided, proposal to raise the minimum wage to $15.

A recent survey of 197 U.S. economists found that more than two-thirds (88 percent) think an acceptable federal minimum wage should be less than $15, with 74 percent outright opposing raising it to $15 (strongly oppose, 61 percent; oppose somewhat, 13 percent).

The survey also found that a strong majority of economists believe a minimum wage of $15 will have negative effects on youth employment levels (84 percent), the number of jobs available (77 percent) and adult employment levels (56 percent). When asked what effect a wage of $15 will have on the skill level of entry-level positions, four-in-five (83 percent) believe employers will hire entry-level positions with greater skills.

Economists are divided on whether a wage of $15 will help or hurt poverty rates. One-third (38 percent) think an increased wage will lead to increased poverty rates, while 27 percent think it will be reduced, 19 percent say it will be unchanged and 16 percent are not sure. Most economists (64 percent) think the Earned e Tax Credit (EITC) is a very efficient way to address the e needs of poor families, while only six percent believe a wage of $15 would be very efficient.

Two-in-five (39 percent) also think the minimum wage should remain at $7.25 or be lowered, with two-thirds in total (66 percent) believing the minimum wage should be $10 an hour or less.

Yet despite this expert opinion, House Democrats are pushing the Raise the Wage Act of 2019, a bill that would increase the federal minimum wage more than 100 percent by 2024. The legislation would also raise the minimum wage of workers who earn tips, like restaurant servers, by more than 600 percent the minimum wage.

Do these politicians not know the effect their policy would have on the low-skilled and working poor? Or do they just not care?

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Rev. Sirico: Who Really Was John Galt, Anyway?
On the Patheos website, Rev. Robert A. Sirico examines the current debate over the legacy of Ayn Rand in conservative circles, and the attempt by liberal/progressives to tarnish prominent figures like Rep. Paul Ryan with “hyperbolic and personal critiques of the woman and her thought.” But what if there is much to Rand that defies the caricature? Rev. Sirico writes: There is in Rand an undeniable and passionate quest, a hunger for truth, for the ideal, for morality, for a...
Samuel Gregg: Hell, Heaven, and Progressive Catholics
Recently, progressive Catholics met in Detroit and issued calls for a married clergy and the ordination of women priests. In a very timely article Samuel Gregg, research director at the Acton Institute, addresses the progressive Catholics who “sit rather loosely with Catholic teaching on questions like life and marriage” and how they are continuing “to press what is often a hyper-politicized understanding of the gospel.” Gregg’s article appearing in Crisis Magazine. The roots of the progressive Catholic’s problems may lie...
Follow Acton University on Twitter from the PowerBlog
We now have a live stream of the #ActonU hashtag on Twitter running on the right side of our blog. This tab will keep you updated on the folks who are using this tag in their Twitter posts. Feel free to join in and be featured on the blog! You might even find someone to meet up with between sessions. For those of you who aren’t at Acton University you can use the feed to find out what you’re missing....
Is the Green Movement Problematic for Christians?
The green movement has had a dramatic, long lasting impact on public policy, individuals, and even religion. But many people of faith have criticized supporters of the green movement, equating its strong followers with those who practice a pagan religion in support of Mother Nature. As Christians we are called to be environmental stewards and to care for God’s creation. However, putting aside the perceptual paganism of a too dedicated support of the green movement, one must ask, is the...
The Complex Tax Code
Today at Capital Commentary I discuss the size and scope of the tax code in the US relative to its basic purposes. In “Back Door Social Engineering,” I argue, “When governments run huge deficits in part because of plexity of its tax system and the ability of people and institutions to engage in large-scale (and legal) tax avoidance, there is something deeply wrong with the system.” The basic purpose of taxes is to raise money for the government, not to...
Purchase Acton University 2011 Lectures Online
Continuing the tradition from 2010, Acton University 2011 lectures will be available for purchase online from our secure order page. New lectures will be posted as they conclude throughout the week, so check back often. The downloads are in MP3 format and can be transferred to any device that plays audio files such as an iPod or smartphone. Here are some useful Acton University links: Acton University 2011 Digital DownloadsActon University 2010 Digital DownloadsOfficial Acton University site ...
Samuel Gregg on India’s Civil Society
Current events in India have left the country wrestling with an important question: What is civil society and what does it consist of? These are not easy questions to answer as definitions of civil society can greatly vary. According to a story on the Wall Street Journal’s India Real Time section, “…political demonstrators have demanded greater civil society involvement in the governing country…” While many throughout India are trying to define a civil society and who represents it, the Journal...
Global Problems, Global Solutions
There’s a saying that when goods cross borders, armies don’t (it’s the correlative to the observation attributed to Bastiat: “If goods cannot cross borders, armies will.”). The point is that trade tends to bring people together who might otherwise have cause to be hostile. One of the themes at Acton University, which begins in just a few hours, is globalization and various Christian responses. That’s sure to be the case again this year, as we have just about 70 countries...
Civil Society, Entrepreneurship, and the Common Good
Acton University has been full of thought provoking lectures and stimulating discussion. It is easy to see why the attendees wish the conference was much longer. There are many interesting lectures, one just wishes he or she could attend all of them. Yesterday Dr. John Bolt, of Calvin Theological Seminary, taught a course titled “Centralization and Civil Society.” Bolt’s course paid special attention to Alexis de Tocqueville and his contributions to defining a civil society. As one can imagine, by...
Budget Morality
My Acton Commentary for this week tries to explain the differences between Christian proponents and opponents of Republican budget proposals: A Circle of Exchange is Better Than a Circle of Protection Strife over the budget in Washington continues, with religious leaders and organizations weighing in on both sides. The positions of Christian participants in this battle are as intractable as the batants and for the same reason: A fundamental difference of outlook concerning the role of government and the effect...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved