Raising the minimum wage would not help reduce poverty. In fact, it would have the opposite effect because it would victimize the country’s lowest-skilled workers

Raising the minimum wage would not help reduce poverty. In fact, it would have the opposite effect because it would victimize the country’s lowest-skilled workers

Raising the minimum wage would not help reduce poverty. In fact, it would have the opposite
effect because it would victimize the country’s lowest-skilled workers and make it more difficult
for them to find employment for which they are qualified. Raising the minimum wage will make
lower-end jobs more attractive to people with greater education and skills who may not have
considered them before at a lower pay scale. Those better-skilled and educated workers will
outcompete unskilled workers for jobs, further worsening the poverty of the least-skilled
workers and forcing them out of the labor pool. Raising the minimum wage would create more
poverty, not reduce it.
Raising the minimum wage is a formula for causing unemployment among the least-skilled members
of society. The higher wages are, the higher costs of production are. The higher costs of production
are, the higher prices are. The higher prices are, the smaller are the quantities of goods and services
demanded and the number of workers employed in producing them. These are all propositions of
elementary economics that you and the President should well know.

20190530032216minimum_wage_laws

Answer preview Raising the minimum wage would not help reduce poverty. In fact, it would have the opposite effect because it would victimize the country’s lowest-skilled workers

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