None of the scenarios painted by those opposing the minimum wage increase transpired when wage earners received additional $1 per hour in 2015. Guam’s economy didn’t turn into howling wasteland of masses desperately looking for a job when the hourly wage was raised from $7.25 to $8.25.
“Leading indicators of Guam’s employment, inflation and other (data) confirm that minimum wage has not negatively impacted Guam’s economic program. Employment rates show continued job and wage growth,” states a wage study report prepared by the Market Research Development for the Guam Department of Labor.
Workforce increased by 2.2 percent; private sector jobs went up by 2.6, and government jobs, 1.2 percent. Inflation went down. Gross domestic product went up to $5.7 billion.