posted March 21, 2006 by Dr. Roy Cordato
State Treasurer Richard Moore wants to raise the minimum wage in North Carolina to $6.15, “one dollar more” than the federal minimum wage. Moore says the minimum wage hike would help those at the lowest rung of the economic ladder. That’s counter to even basic economics. Studies show that raising the minimum wage makes it even harder for the lowest skilled workers to find employment — but those are the very people it’s supposed to help. Ironically, minimum-wage hikes benefit middle- and upper-income families the most.