MINIMUM WAGE TESTIMONY: Misperceptions & Myths; EITC Recommended by the Center
March 30, 2017 FOR IMMEDIATE RELEASE
Providence, RI – The RI Center for Freedom & Prosperity published the full written testimony its CEO will submit to the House Committees on Finance and Labor, the latter of which will today hear multiple bills seeking to raise the state’s minimum wage rate.
“Every Rhode Islander who strives to work hard should be able to earn enough income to support themselves and their families,” writes Mike Stenhouse, who holds an Economics degree from Harvard University. “Yet lawmakers must act on the facts and not on the many myths that cloud this emotional topic.”
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The RI Center for Freedom & Prosperity is the Ocean State’s leading voice against the wreckage caused by our state’s progressive agenda.
As the state’s leading research organization, advancing family and business friendly values… the mission of our Center is to make Rhode Island a better place to call home – to raise a family and to build a career.
While progressives value government-centric, taxpayer-funded dependency… our Center believes in the value of hard work and the free-enterprise system.
We understand that in order for more Rhode Island families to have a better quality of life, that more and better businesses are needed to create more and better jobs.
Your donation will help us fight the union-progressive movement and, instead, advocate for pro-family, pro-business policies and values.
Please make a generous, tax-deductible gift to support our Center today!
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After pointing out many of the Ocean State’s poor business and family prosperity rankings, Stenhouse’s testimony cites research and raises concerns about a number of issues, including:
- Job losses for many of the same people the legislation is intended to help
- Myth about who is and who is not the typical minimum wage worker
- Myth about a wage hike keeping our state competitive with our neighbors
- Myths about increased minimum wages stimulating jobs and economic growth
- The “wage-differential” factor that will harm employers who do not employ minimum wage workers
Union angle? The testimony also raises questions about a little-discussed issue … how special interest unions might benefit from a minimum wage hike.
Finally, the testimony makes a recommendation on behalf of the Center … that expanding the state’s EITC (Earned Income Tax Credit) is a superior alternative to hiking the minimum wage. “Directly assisting low-income families without risking job losses and without further burdening business owners is a much better path for our state,” concluded Stenhouse.
The RI Center for Freedom & Prosperity is the Ocean State’s leading voice against the wreckage caused by our state’s progressive agenda.
As the state’s leading research organization, advancing family and business friendly values… the mission of our Center is to make Rhode Island a better place to call home – to raise a family and to build a career.
While progressives value government-centric, taxpayer-funded dependency… our Center believes in the value of hard work and the free-enterprise system.
We understand that in order for more Rhode Island families to have a better quality of life, that more and better businesses are needed to create more and better jobs.
Your donation will help us fight the union-progressive movement and, instead, advocate for pro-family, pro-business policies and values.
Please make a generous, tax-deductible gift to support our Center today!
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