This bill mandates a $2 minimum pay wage every year in Oregon under some conditions.
The bill reads, “beginning on July 1, 2024, the minimum wage rate shall be $2 more than the minimum wage established under ORS 653.025 (1)(j), and shall be increased by $2 every year thereafter, except that in no case may the minimum wage rate exceed the minimum wage rate calculated pursuant to the formula established by the Bureau of Labor and Industries…”
A study on the Negative Effects of Minimum Wage Laws by Mark Wilson, shows that minimum wage increases result in employers reducing staff and therefore block youth from employment.
The Governor’s Budget just laid out a labor crisis in the making in Oregon. This bill would speed up the crisis.