Now, there have been a lot of complaints directed at corporate media in recent years, but I believe in giving credit where credit is due.
More important, it would increase unemployment: They remain true and constant whether they are popular or not.
Alas, the editorial is a relic. That gain, it is argued, would justify the sacrifice of the minority who became unemployable. A higher minimum would undoubtedly raise the living standard of the majority of low-wage workers who could keep their jobs.
Is it sheer political opportunism? Those at greatest risk from a higher minimum would be young, poor workers, who already face formidable barriers to getting and keeping jobs.
A lot has changed since then. No matter how many jobs the minimum wage destroysno matter how many times you debunk itit always comes back to wreak more havoc.
Serving previously as Director of Digital Media at Intellectual Takeout, Jon was responsible for daily editorial content, web strategy, and social media operations. Relatively recent polls show seven out of ten Americans support raising the federal minimum wage.
The internet was introduced to the masses. The idea of using a minimum wage to overcome poverty is old, honorable — and fundamentally flawed. Raise the legal minimum price of labor above the productivity of the least skilled workers and fewer will be hired.
The perception of the minimum wage certainly changed. Still, economic laws do not change based on how popular humans find them.
The New York Times. Why would raising the minimum wage not help the working poor? But there are unseen problems, as the editors point out: Jon also served as an intern in the speechwriting department under George W. A naughty person might say the same about reason and erudition in general in the paper.
There are many reasons people and politicians find the minimum wage attractive, of course. It was written way, way back in In fact, some have observed that economic laws are inherently unpopular.
They hold as fast and true in as they did in Sep 13, · Which of the following groups are most likely to gain from an increase in the minimum wage? 2. A “compensating differential” in labor markets, discussed by Miller et al.