Why the Minimum Wage Hurts Everyone and Causes Unemployment
April 9th, 2010. Published under Economic News, Unemployment. No Comments.
Supporters of a higher minimum wage incorrectly believe that it will help teenagers and minorities. This post is a somewhat brief overview of why and how the minimum wage and the raising thereof actually hurts low-skilled workers in terms of unemployment. On the surface level, raising the minimum wage increases the cost of labor across the
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Why the Minimum Wage Hurts Everyone and Causes Unemployment