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Star Parker : How does a minimum wage requirement impact an economy? / Clear, concise arguments and answers from leading thinkers / Eristical.com
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Star Parker

A minimum wage requirement increases unemployment because it simply means that people whose employment value isn’t worth the minimum wage won’t be employed. If a certain job isn’t worth the going minimum wage rate, then an established business simply won’t hire somebody to work. Unfortunately, those who most need low paying, low skilled jobs and are able and willing to work for less than the minimum wage - the young, uneducated and poor - are those who suffer the most.

The unemployment rate for those aged 16 to 21 years, especially in the African American community, is extremely high and when these young men who won’t go to school and hang out on street corners, are not able to walk into an established business and earn a decent wage and learn valuable skills which they were never taught in their broken homes, it increases their chances not only of a future of poverty, but a future in prison.

President of the Center for Urban Renewal and Education, Star Parker