Prof. Antony Davies: The Minimum Wage Debate - Does it Hurt Workers?
Do minimum wage laws actually hurt workers? Learn more: http://bit.ly/1HVAtKP The minimum wage sounds nice on the surface: workers earning $8 per hour would certainly be better off if they were earning $12 per hour instead.
But economics professor Antony Davies explains that this view of the minimum wage overlooks an important detail: The minimum wage does not force employers to pay a particular wage to every worker; it forces employers to pay a particular wage to every worker they choose to keep.
While the minimum wage may be well-intentioned public policy, it often huts the very workers most in need of our help.
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