As the debate heats up in Congress over increasing the federal minimum wage from $7.25 per hour to $10.10 per hour, critics of the minimum wage are trotting out the same tired arguments that doing so will harm the national economy and increase unemployment. A review of the most recent evidence makes clear, however, that raising the minimum wage does not result in inevitable job losses—even during periods of high unemployment—and may in fact begood for the economy.
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