Good Intentions Are Not Enough: Why Congress Should Not Raise the Minimum Wage
Publication Date: January 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): James Sherk
Keywords: Labor; raise; wealth
Coverage: United States
The minimum wage exacts a steep price for its ineffectiveness. It destroys jobs and discourages employers from hiring the least-skilled and least-experienced workers who most need the work. This impact puts these workers at a disadvantage for years after an increase. Congress should look out for disadvantaged workers by refusing to increase the minimum wage.