Good Intentions Are Not Enough: Why Congress Should Not Raise the Minimum Wage
Publication Date: January 2007
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): James Sherk
Research Area: Labor
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.
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