RAISE THE WAGE, AND RAISE ALL OF OREGON.
By raising Oregon’s minimum wage we have the opportunity to give nearly 650,000 workers who earn less than $15 an hour a fair shot at a better life.
Raising the minimum wage helps raise Oregonians out of poverty: Asian and Latino Oregonians are over 16% more likely to live in poverty, and single working mothers are over 13% more likely to live in poverty than working fathers. Families in poverty are very likely (72%) to have parents who work.
Large low wage employers aren’t paying their fair share, and as a result taxpayers are picking up the tab. Each year, Oregonians are spending $1.7 billion dollars in taxes to subsidize low income wages along with irregular work schedules and inadequate benefits. Meanwhile, the companies employing low wage workers (companies like Walmart, and McDonalds) are bringing in record profits.
Raising the minimum wage is good for the economy, because wage growth increases consumer demand. Businesses invest by hiring more workers and putting money into research and development. Productivity grows because there are more workers with more output. With that productivity, workers’ bargaining power goes up and unemployment goes down.