Instead of elevating living standards and safeguarding workers from poor conditions and low pay, minimum wage laws lead to unemployment and limit job opportunities. Let’s look at how…
Do minimum wage laws help low-skilled workers? No. Workers are thrown out of work if they cannot produce more than the minimum wage stipulates. If the minimum wage is $15/hour and a worker can only produce $13/hour worth of goods, they will not be hired since no profit-seeking employer would employ someone at a loss.
Why are minor league players only getting paid around 1/2 the hourly federal minimum wage?
If the problem is that the poor have too few options, it’s a bad “solution” to remove one of those options.
Dear Ms. Murray, Your article in the Baltimore Sun (“A $15 minimum wage benefits Baltimore business”) almost completely ignores the most important economic argument against minimum wage laws: that they cause unemployment. Young people from awful schools in awful neighborhoods with skills worth only $8 an hour will not be hired at $9 an hour. […]
