New Essay: The Negative Effects of the Minimum Wage

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A new essay on the negative effects of the minimum wage has been added to Downsizing Government’s Department of Labor page. According to author Mark Wilson, a former deputy assistant secretary at Labor, “current proposals on Capitol Hill and at the state level to raise minimum wages could not come at a worse time.” He notes that ” While minimum wages may be a well-meaning attempt to help workers, economic research clearly shows that somebody must pay the price for any increase, and it is usually the least skilled and least fortunate among us.” Wilson argues that policymakers should instead “focus on policies that generate faster economic growth to benefit all workers.”