Wednesday, October 26, 2016

The Case Against Minimum Wage Redux

The case for ANY minimum wage - let alone a fifteen dollar per hour one - does not exist

"Many of us in the economics profession recognize that the minimum wage is a terrible and cruel public policy, one that reduces employment opportunities for the most vulnerable Americans.

"Much of Hanauer's argument in support of raising the minimum wage to $15 an hour is based on some questionable empirical evidence....(the study cited by Hanauer) has not been taken seriously by the economics profession..."

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