Increasing the minimum wage to $15 per hour could cost Wisconsin at least 350,000 jobs, according to a new report published by the conservative think tank, the Badger Institute.
According to the analysis, “a high proportion of the state’s workers – fully 38 percent – earn less than $15 an hour. Our modeling suggests that almost one-third of this group would be at risk of losing their jobs were Wisconsin to quickly increase the minimum wage – which amounts to 350,000 workers.”
Increasing the minimum wage to $15 an hour is “tantamount to an hourly pay increase of 107 percent for workers currently earning the minimum wage,” which is unsustainable for employers, the analysis argues.
Half of all job losses would come