38 Pennsylvania Economists Support a $15 Minimum Wage by 2025
March 13, 2019
Harrisburg, PA – Governor Tom Wolf today commented on the release of a letter from 38 economists in Pennsylvania supporting an increase in the minimum wage to $15 by 2025. Governor Wolf said the backing from economists shows the need to raise Pennsylvania’s minimum wage for the first time in a decade.
“The fact that so many Pennsylvania economists support raising the minimum wage should be a tipping point,” said Governor Tom Wolf. “All of our neighboring states have raised the wage and hardworking Pennsylvanians deserve the same. It’s time we act to restore fair wages so workers – predominantly adult women – stop falling behind. Raising the minimum wage is good for families, reduces costs for public benefits and strengthens our economy. The legislature must raise Pennsylvania’s minimum wage.”
Governor Wolf is proposing to raise the minimum wage to $15 by 2025, boosting incomes for nearly two million workers in Pennsylvania.
According to the economists’ letter, someone making Pennsylvania’s minimum wage of $7.25 – the lowest level allowed by federal law – earns 29 percent less per hour than they would have 50 years ago when adjusted for inflation. The economists also found that raising the minimum wage to help workers has little or no effect on the number of jobs for low-wage workers.