STATEMENT: Governor Shapiro’s $15 wage could cost Pennsylvania 143k jobs

  • Publication Date: March 2023

In his inaugural budget address Tuesday, Governor Josh Shapiro proposed raising the minimum wage to $15 per hour as early as January 1, 2024 per his state budget. This would more than double Pennsylvania’s current minimum wage in less than a year, and small businesses have already expressed concerns about adapting to such a hike.

The majority of economists oppose the $15 minimum wage target, arguing it will have negative effects on youth employment and small business survival, as well as exacerbating existing economic obstacles:

Rebekah Paxton, Research Director at the Employment Policies Institute, released the following statement:

“Pennsylvania lawmakers have time and time again rejected a $15 minimum wage over concerns it will cause damage to the Commonwealth’s small businesses and employees. Governor Shapiro’s proposal to more-than-double the wage overnight would cost hundreds of thousands of jobs the state can’t afford to lose.”