Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation

Biden’s $15 Minimum Wage Would Boost Child Care Costs, Hurt Families: Heritage Foundation
President Joe Biden delivers remarks on the national economy and the need for his administration's proposed $1.9 trillion CCP virus relief legislation at the White House on Feb. 5, 2021. Stefani Reynolds-Pool/Getty Images
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

The author of a new study on the effect of increasing the federal minimum wage to $15 says that while the move would boost the incomes of some lower-wage workers, it will increase child care costs by as much as 43 percent in some states.

“It’s actually going to come back and end up hurting the people that these lawmakers are trying to help the most.” Rachel Greszler, a research fellow in economics, budget, and entitlements at the Heritage Foundation conservative think tank, said in an interview with NTD.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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