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‘The Free Market Works’: Youngkin Vetoes Minimum-Wage Hike In Virginia

Gov. Glenn Youngkin vetoed bills Thursday that would have raised Virginia’s minimum wage to $13.50 per hour in 2025 and $15 in 2026.

The companion bills were among the first to be prefiled by General Assembly Democrats, indicating their status as high-priority legislation. 

“Successful states recognize that the government does not need to set labor prices,” the governor wrote in his veto statement. “The free market for salaries and wages works. It operates dynamically, responding to the nuances of varying economic conditions and regional differences. This wage mandate imperils market freedom and economic competitiveness.”

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