The voices clamoring for a minimum wage hike are getting ever louder. Proponents argue that the current wage level does not provide an adequate incentive for work. Also, they argue that an increase in the minimum wage will have only a very minor impact on jobs. These arguments are not grounded in fact. The impact of raising the minimum wage has been studied since its inception. All credible research has come to the same conclusion: raising the minimum wage hurts the poor. It takes away jobs, keeps people on welfare, and encourages high school students to drop out.
Jim Saxton: “The voices clamoring for a minimum wage hike are getting ever louder. Proponents argue that the current wage level does…”
Editor's note · Context
Discussing the implications of raising the minimum wage during a House floor speech.
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