Raising the Minimum Wage Will Not Reduce Poverty
Publication Date: January 2007
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): James Sherk
Research Area: Labor
Keywords: Labor; reduce poverty; profits
Type: Report
Coverage: United States
Abstract:
The evidence shows that (1) a higher minimum wage causes employers to cut back on the number of workers they hire and employees' working hours; (2) the beneficiaries of higher minimum wages are unlikely to be poor because most minimum-wage earners are not poor; and (3) few individuals living in poverty work at minimum-wage jobs or any job.
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