National Debt Clock

Wednesday, December 16, 2009

How Minimum Wage Affects the Job Hunt

They examined sixty years of data and concluded the minimum wage actually cuts down on job opportunities and even wages, over time, for low-skilled workers.

“A small number -- and it depends how big the minimum wage increase is -- will lose their job.
“Some people entering the labor market for the first time, or, you know, anew, will not be able to find a job because of the higher minimum wage."

The last bump for the minimum wage was this past July, a seventy cent increase to $7.25 an hour.

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