Minimum wages have been a political piñata for as long as I can remember. In general, conservative politicians and free marketeers argue that a minimum wage is like a tax and reduces employment for low-income workers while increasing costs for businesses. Meanwhile, progressive and social-democratic politicians argue that a minimum wage prevents businesses from exploiting low-income workers and reduces income inequality.
A short history of minimum wage research
A short history of minimum wage research
A short history of minimum wage research
Minimum wages have been a political piñata for as long as I can remember. In general, conservative politicians and free marketeers argue that a minimum wage is like a tax and reduces employment for low-income workers while increasing costs for businesses. Meanwhile, progressive and social-democratic politicians argue that a minimum wage prevents businesses from exploiting low-income workers and reduces income inequality.