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New research from the National Federation of Independent Business finds that the minimum wage increase proposed in State Question 832 would significantly damage Oklahoma’s economy, costing an estimated 16,112 jobs over 10 years—nearly 9,700 of them at small businesses—and reducing economic output by $697 million.

Oklahoma’s income-tax phaseout plan took its first step on January 1, reducing the number of brackets from six to three and trimming each by a quarter point, lowering the top rate from 4.75% to 4.5%. The cuts come as state revenues remain stable with modest growth.

Since tying its minimum wage to inflation in 2007, Montana has seen higher business failure rates, weaker startup survival, and a sharp drop in labor-force participation among young workers. Oklahoma risks repeating that pattern if voters approve SQ 832.

Oklahoma state agencies have unveiled their latest holiday wish lists, asking lawmakers for an extra $1.74 billion in funding—double last year’s request. The appeal comes after years of steep spending growth, with appropriations rising $4.7 billion since Gov. Kevin Stitt took office. Higher education is seeking the largest boost at $426 million, while the Space Port Authority again asks for the biggest percentage increase: 2,067%.

Over the past 25 years, Washington state raised its minimum wage by 150 percent and, in 2021, locked in automatic annual hikes—just like those proposed under Oklahoma’s State Question 832. The results have been predictable.