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April 15, 2014

Fallin signs minimum wage increase ban

(Continued)

OKLAHOMA CITY —

The federal minimum wage hike would bring the minimum wage across the nation to $10.10 an hour. An increase to the federal minimum wage is one of the main issues currently being pushed by President Barack Obama.

Gov. Fallin had said previously she opposed raising the federal minimum wage to $10.10 an hour because she was “concerned that it would destroy jobs, and especially small business owners can’t afford to increase their minimum wage.”

After the governor signed the minimum wage hike ban, her office released a statement saying raising the wage is not a path to bring people out of poverty despite advocates’ suggestion that it is.

“Most minimum-wage workers are young, single people working part-time or entry-level jobs,” Fallin said. “Many are high school or college students living with their parents in middle-class families.

“Mandating an increase in the minimum wage would require businesses to fire many of those part-time workers. It would create a hardship for small business owners, stifle job creation and increase costs for consumers,” she said. “And it would do all of these things without even addressing the goal of reducing poverty.”

Fallin signed three other bills Monday dealing with tax credits for banking institutions, public investments, and membership of the Alarm and Locksmith Industry Committee.

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