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HomeRaising Minimum Wage: A Trojan Horse Disaster
Posted by Larry Doyle on March 14th, 2013 10:00 AM |
A few weeks back, I described raising the minimum wage as a jobs killer.
Readers chimed in and addressed the fact that the real beneficiaries of raising the minimum wage are the unions that often have wage contracts benchmarked to the minimum wage, and that the raising of this rate is really a Trojan horse.
So the question begs, if raising the minimum wage is, in fact, a Trojan horse, just how many people might be negatively impacted in terms of losing their job if it were to be raised? Let’s navigate and review a release by the Employment Policies Institute that highlights the following: (more…)
