3 ways a high minimum wage hurts people.
Position | Data - Brief article |
The current federal minimum wage is $7.25 per hour.
President Barack Obama has called for raising it to $10.10 per hour. Seattle and Los Angeles are both in the process of raising their minimum wages to $15 per hour, while several other cities are debating proposals to raise their wages to levels between $10 and $15.
1
RAISING THE MINIMUM WAGE COSTS THE ECONOMY JOBS.
The Congressional Budget Office estimates that raising the minimum wage to $10.10 per hour would result in 500,000 fewer jobs.
2
THIS MAKES IT ESPECIALLY HARD FOR LOW-SKILLED WORKERS TO FIND JOBS.
Employers might choose to invest in robots and automation rather than hiring new workers.
When they do hire workers, employers will likely choose applicants with skills and work experience.
People without a college degree will be...
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