Minimum Wage

Minimum Wage

Opponents of increasing the minimum wage say that it would result in fewer jobs. Is that a fact? Not in Vermont.  Vermont’s minimum wage is currently the fourth highest in the country ($8.73 an hour) and by 2018 it will rise to $10.50 an hour. Meanwhile, Vermont has the second lowest unemployment rate in the nation (at 3.3 percent). Mississippi, a state that doesn’t even have a minimum wage law, has the third highest unemployment rate in the nation at 7.7 percent. The fact is that the 13 states where the minimum wage increased this year have experienced higher average job growth than states that did not increase the minimum wage. Sen. Bernie Sanders on Monday discussed minimum wage and jobs in an interview with the Rev. Al Sharpton on MSNBC. "We need to raise the minimum wage to put real dollars in the hands of working people," Sanders said.