Shocking Surprise: Minimum Wage Hikes Increase Unemployment

I know this will come as a real shock to our regular readers, but it turns out that increasing minimum wage doesn’t actually help the poor very much. It just increases the workload on fewer employees. In other words, it stimulates unemployment: The study published by the National Bureau of Economic Research found that minimum wage increases reduced employment opportunities for low-skilled workers by nearly 6 points during the Great Recession. “This period’s full set of minimum wage increases Read more […]