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Minimum Wage Increases Are Harming People They Were Meant to Help

Charles Blahous, CNS News

The purpose of minimum wage laws is generally to increase vulnerable Americans’ income security.  But this tactic comes with a price – specifically, to reduce the opportunities of inexperienced, low-skill workers such as many American teenagers are – to hold jobs.  It appears that higher minimum wage laws not only deprive many young Americans of opportunities to earn wages as teenagers, but may even lower their expected income over the rest of their lives.