June 13, 2018
Increase In Minimum Wage Won’t Help Working Poor
The University of California, Irvine just released a new economic study that showed an increase in minimum wage does not lift people out of poverty:
The study found that a $1 increase in the minimum wage led to a roughly 3 percent increase in poverty and government dependency over three decades.
Minimum wage increases, according to the study, haven’t lowered poverty rates in the United States’ most disadvantaged neighborhoods.
The $15 minimum wage push is a popular policy proposal among progressive candidates like Bernie Sanders and Elizabeth Warren. This is yet another example of how Democrats fail to understand the impact of their economic policies.