Thursday, February 14, 2013

Should Missouri Raise Its Minimum Wage?

Should Missouri Raise Its Minimum Wage?: "Mandating higher wages for low-wage workers in high-income families, such as teenagers from well off families working a summer job, does nothing to help poor and low-income families. Indeed, if the job losses from a higher minimum wage are borne by minimum wage workers in poor, low-income families, minimum wages can have unintended harmful distributional effects — possibly increasing the number of poor or low-income families. Reflecting these issues, research fails to establish that higher minimum wages help poor or low-income families."

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