why raising minimum wage is bad idea?
Is increasing the minimum wage good or bad?
Multiple studies conclude that total annual incomes of families at the bottom of the income distribution rise significantly after a minimum wage increase. 56 Workers in low- wage jobs and their families benefit the most from these income increases, reducing poverty and income inequality. Jan 26, 2021
Full answer in: www.epi.org
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What are the negative effects of raising minimum wage?
Opponents of raising the minimum wage believe that higher wages could have several negative repercussions: leading to inflation, making companies less competitive, and resulting in job losses. Nov 10, 2020
Full answer in: www.investopedia.com
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Why is increasing minimum wage a bad idea?
A hike in the minimum wage won't help those in poverty; in fact, it is likely to make it harder for them to find a job, the real ticket out of poverty. ... The CBO finds that a $15 minimum wage will raise wages for some workers, result in layoffs for others and be a net loss for income overall. Jan 30, 2021
Full answer in: thehill.com
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