Friday, February 15, 2013

A Higher Minimum Wage? No, thanks.

In his recent State of the Union address, President Obama called for raising the minimum wage to $9.00 per hour: "[A] full-time worker making the minimum wage earns $14,500 a year. Even with the tax relief we've put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That's wrong." Perhaps, but what Obama and other advocates of the minimum wage fail to acknowledge is the unintended adverse effects such policy has on the very people it purports to help.