Minimum Wage Laws Hurt People
The Mackinac Center for Public Policy cites a recent coalition letter led by CEI to oppose a $15 minimum wage.
This morning the Competitive Enterprise Institute mailed a letter to members of Congress in opposition to the “Raise the Wage Act,” and I — representing the Mackinac Center — was a signatory to it. The letter makes five key points: 1) A standard minimum across the entire U.S. will harm some areas more than others; 2) Minimum wage laws harm more poor people than they help; 3) They increase unemployment; 4) They deprive young people of work experience; and 5) They harm the overall economy.