RE: Raising The Minimum Wage Will Make You Poorer.

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Raising The Minimum Wage Will Make You Poorer.

in economics •  8 years ago 

Because there are few reports on who didn't get hired because of a high min wage, the myth persists that its good. Seattle's experience is telling especially so relatively quickly. As for Walmart if I recall they were adamant in saying the store closings were NOT because of the min wage increase, but we know the truth. There's always a simple tell with gov't, if they propose something just ask them why not take it to a higher level. Higher taxes, higher fees, more regulation, college aide? no make it free, etc,...if $15 p/hr is good then why not $50 and we can eliminate poverty once and for all. It just doesn't stand up to reason, yet so many fall for it.

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