Outreach - Minimum Wage

This page is used to inform you of Representative Curt Taylor's thinking on Vermont's proposed minimum wage legislation. He has not made up his mind yet. Please contact Curt Taylor and share your thoughts and suggestions. This page may be updated with your input.

  • Minimum Wage - Vermont law sets the current minimum wage at $10.00/hr. By statute that will rise to $10.50/hr in 2018. After that it goes up by either 5% or by the CPI percent, whichever is smaller. So far there are two bills being considered in the House: H.64  would increase step the minimum wage up each year to $15/hr in 2020, H.93  would step the minimum wage up each year to $15/hr in 2022. Both use the same increase as current law after those dates.
    • Pros
      • Those at, or near, the bottom of the pay scale are more likely than any others to spend an increase in wages on consumer goods. Our economy would benefit from an influx of cash.
      • Some would be lifted out of poverty and not have to rely on services provided by the state.
      • Our current minimum wage is not a 'living wage'. 
      • Those that rely on the minimum wage to support, or help support, their families would carry that benefit to their families. 
      • Students that are working minimum wage jobs in order to save for college would be able to save more.
    • Cons
      • Small businesses that rely on minimum wage workers would suffer.
      • The cost of the increased wages will be passed on to consumers. Prices would rise. Some businesses will fail because they can no longer compete with businesses in states with a lower minimum wage.
      • Any increase in the minimum wage will have a ripple effect and increase other wages as well, further hurting businesses.
      • An increase in income could bring a person's income slightly over the criteria for benefits. The increase in wages may not make up for the decrease in benefits.
      • An increase in minimum wage may help some, but in doing so, it will put others out of work. An employer might not be able to afford as many workers. Students and interns hired for a short period become too expensive to justify.
      • Supply and demand is best at determining a person's wage. Artificially raising the wage pays a person more than their work is really worth.