The Minimum Wage Is Cruelest to Those Who Can’t Find a Job

By James A. Dorn This article appeared in Forbes.com on July 22, 2013. U.S. youth unemployment now stands at 16 percent for 16–24 year olds, 23 percent for teens, and a shocking 40 percent for black teens. More than 10 million young people are either unemployed or underemployed. Would increasing the federal minimum wage from $7.25 per hour […]

The Negative Effects of Minimum Wage Laws

By Mark Wilson June 21, 2012 The federal government has imposed a minimum wage since 1938, and nearly all the states impose their own minimum wages. These laws prevent employers from paying wages below a mandated level. While the aim is to help workers, decades of economic research show that minimum wages usually end up harming […]