Minimum Wage Hikes Hurt the Very People They’re Supposed to Help
Economic research consensus finds that the effect of increasing the minimum wage on employment is negative. Furthermore, raising the minimum wage has the bitter unintended consequence of putting the very people out of work that well-intentioned supporters think it would help: the poorest, the least skilled, and the disadvantaged. It’s nothing more than confusing good intentions with good outcomes.
A lower income trajectory is the result of the higher minimum wage keeping low-skilled workers from accumulating experience as well as income, artificially limiting their upward income mobility, even to rise just to the lower middle class.
In reality, all the minimum wage can do is to make it more expensive to employ low-level workers. State policymakers have been wise to resist the pressure to raise the state minimum wage. There is no good reason to inflict any greater harm to the poorest, least skilled, and least experienced workers than the federal minimum wage has already done.