Monday, September 14, 2020

According to evidence, raising the minimum wage is one sure way of pushing low skilled individuals into even lower paying jobs - American Experiment

According to evidence, raising the minimum wage is one sure way of pushing low skilled individuals into even lower paying jobs - American Experiment
"In 2019, we saw the growth of the movement called “the fight for 15”. 
This is a movement that calls for a raise in the federal minimum wage to $15. 
See the source imageProponents of the movement claim this is one way to take people out of poverty. 
...Disregarding potential negative effects on businesses that raising the minimum wage poses, there are other issues with claiming that raising the minimum wage takes people out of poverty. 
The main issue is that no evidence shows that raising the minimum wage takes people out of poverty. 
In actuality, raising the minimum wage has been shown to increase the number of people earning less than the minimum wage. 
This is largely due to the fact that job losses associated with higher minimum wage tend to fall on the poor and low skilled...Read all.

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