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Good Intentions Are Not Enough: Why Congress Should Not Raise the Minimum Wage

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Publication Date: January 2007

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): James Sherk

Series: Backgrounder

Topic: Labor (Labor conditions, wages, salaries, and benefits)

Keywords: Labor; raise; wealth

Type: Report

Coverage: United States

Abstract:

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.