The minimum wage idea, though it has been snowballing in some locales, is thouroughly denounced by those who care to look at whether the minimum wage really is affecting the folks it is supposed to be helping.
In a recent Free Market Minute, I link to a number of authors and studies, and to recent experiments (Santa Fe, notably) that demonstrate critically important points: that minimum wage hikes do not serve to support families trying to exist solely on these wages, that few individuals earn the minimum wage year after year, that the majority of those who are attracted to the market following a hike are dependants and not in need of a ‘living wage,’ and that employment among the target ‘head of household’ group falls when minimum wages rise.
