Why reduce the market for low-skill labor? Raising the minimum wage is the latest populist craze. President Obama recently proposed to hike the minimum wage to $9.00 an hour. New York State is poised to enforce such an increase. On its face, raising the minimum wage sounds benevolent. Closer examination shows that it hurts ... MORERobert J. Scamardella: Minimum Wage Harms The Economy
Why reduce the market for low-skill labor? Raising the minimum wage is the latest populist craze. President Obama recently proposed to hike the minimum wage to $9.00 an hour. New York State is poised to enforce such an increase. On its face, raising the minimum wage sounds benevolent. Closer examination shows that it hurts ... MORE