AOC-backed $30 minimum wage plan could backfire in unexpected ways, experts warn

A proposal to raise the federal minimum wage to $30 an hour backed by Rep. Alexandria Ocasio-Cortez is met with skepticism from economists, who warn it could lead to job losses and higher prices. The Employment Policies Institute found that 96% of surveyed economists oppose minimum wage hikes above $20 an hour. This comes as progressive lawmakers push for higher federal wage mandates to address rising costs of living.