Yoho votes to save minimum wage jobs
Washington, D.C. – Today, Congressman Ted S. Yoho (R-FL) voted no to save millions of minimum wage jobs. The Congressional Budget Office (CBO) estimates the Raising Unemployment for American Workers Act- H.R. 582, would cause 3.7 million workers to lose their jobs by 2025. The CBO states this will lead to higher unemployment especially among ‘those lower in socioeconomic status and teenagers.’ Congressman Yoho gave the following statement:
“Raising the minimum wage to early, to fast, everywhere, will have a devastating effect on entry-level jobs across the country. While $15 an hour will provide some financial relief, it will adversely cause many more to lose their jobs. Businesses large and small, who are looking at a steep rise in base wages, will choose to cut shifts, increase automation, and self- service; we are already seeing this happen in the fast food industry e.g. McDonald's.
“Today’s Washington D.C. one-size-fits-all approach to raising the minimum wage will do more harm than good and I could not support it. I did support the Republican alternative to HR 582 that stated employers with fewer than 10 employees or annual sales under $1,000,000 will not be forced to implement a $15 per hour minimum wage. This will protect small businesses from this out of touch legislation.”