SQ 832’s automatic wage escalator could outpace Oklahoma inflation
Recent data show the national CPI-W can run hotter than Oklahoma’s own regional inflation measure, turning an index mismatch into higher labor costs.
Recent data show the national CPI-W can run hotter than Oklahoma’s own regional inflation measure, turning an index mismatch into higher labor costs.
The governor joins a growing list of Oklahoma elected officials, local leaders, and business advocates speaking out against the minimum wage state question.
The Durant Republican said the minimum wage state question would hurt Oklahoma’s free market economy and increase costs for working families.
A May survey of 645 Oklahomans found most households say everyday expenses have become harder to afford over the past year.
The organizations said the measure’s automatic wage escalator would create long-term uncertainty for Oklahoma employers and workers.
The findings add context to concerns from restaurant owners who say higher labor costs could force more price increases and hurt small businesses.
Frank Santori, minority owner of Pho Bistro in Edmond, said the proposal would force difficult decisions on prices, jobs and restaurant operations.
JJ Francais said the minimum wage state question could create new cost pressure for municipalities, businesses and middle-class workers.
A Greater Oklahoma City Chamber panel examined the potential economic effects of Oklahoma’s minimum wage state question.
A new survey of 166 U.S. economists found broad concern that higher minimum wages could reduce youth jobs, increase automation and make it harder for small businesses to stay open.