Charles Arlinghaus: A minimum wage hike will hurt low-income Granite Staters
Specifically, the higher wage will make it more expensive to hire entry-level workers, and it will reduce opportunities for lower-skill workers trying to build job experience.
We would all agree that doubling or tripling the minimum wage would naturally reduce the number of jobs available. A company that can afford a small number of employees at $7.25 per hour will have fewer employees for fewer hours if we make it pay $15 or $21 per hour. Companies, already reluctant to add jobs because of economic uncertainty, will add fewer jobs and cut back hours.
Charles M. Arlinghaus is president of the Josiah Bartlett Center for Public Policy, a free-market think tank in Concord.
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