You can gauge how wise a politician is when he or she proposes an increase in the minimum wage. Because research shows minimum wage increases always cost jobs of entry level workers.
Those at lower levels generally leave for higher wages or get raises with time. It’s usually not the same worker remaining at that lowest level. A fact that proponents conveniently overlook.
But minimum wage increases do cost jobs. Employers must think twice in estimating the value and affordability of their workers. Especially small businesses who are responsible for the bulk of American employment.
The minimum wage is a ploy of powerful unions whose contracts are automatically revised up from minimum wage levels.
What is more, it is almost criminal to impose higher minimums during a recession or depression That stymies the possibility of stimulating any increase in job opportunities.
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