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Raising the Minimum Wage Hurts Vulnerable Workers' Job Prospects Without Reducing Poverty

Raising the Minimum Wage Hurts Vulnerable Workers' Job Prospects Without Reducing Poverty
heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.

United States , Andreas Pape , David Neumark , Duncan Chaplin , Olena Nizalova , William Wascher , Mark Turner , Federal Reserve , Wages Reduce School Enrollment , Members Of Congress , Michigan State University , John Hopkins University , Urban Institute , Term Effects , Wage Increases Do Not Reduce ,

Low-Income Workers May Be Worse Off if Congress Increases the Minimum Wage

Raising the minimum wage may cause some low-income workers toreceive fewer government benefits. ....

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Here Are 6 Ways a New Report Devastates the $15 Minimum Wage

Just in time for next week’s likely House vote on a federal $15 minimum wage, the nonpartisan Congressional Budget Office has come out with a caustic report on the consequences of the policy. ....

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The Case against A $15 Federal Minimum Wage: Q&A

have proposed gradually increasing the federal minimum wage to $15 per hour by 2025, with the stated intention to raise the pay of low wage workers. Sounds like great news for the low‐paid, doesn’t it?
An old saying from economist Thomas Sowell is that “there are no solutions, only trade‐offs.” That is as true about the minimum wage as anything else. The Congressional Budget Office summarizes the mainstream economic consensus on the effects of the Democrats’ proposed aggressive major minimum wage hike fairly well and I don’t think the trade‐off is worth it.
Yes, for those workers affected who are lucky enough to maintain their jobs, hours, and existing perks, an enforced minimum wage hike through raising hourly wage rates will increase their overall compensation. The CBO estimates that 0.9 million people will be taken out of poverty as a result. But a consequence of raising the mandatory wage floor that aggressively, the CBO predicts, ....

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