“Where most economists agree is that the higher minimum wage does not do much to relieve poverty.”
The Economist
This agreement among economists is best supported by the fact that:
Unemployment rates for teenage women are lower than those for teenage men. |
Minimum wage increases are usually matched by increases in the EITC (Earned Income Tax Credit). |
Minimum wages do not affect labor markets when the economy is growing. |
Minimum wage laws by their design cannot distinguish between rich and poor workers. |
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“Where most economists agree is that the higher minimum wage does not do much to relieve...
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