When minimum wage is too low, it not only mires workers in poverty, it undermines the consumer demand at the heart of our economy.
It may be a good idea, but for whom? Experts weigh in on the impacts a minimum wage increase could have on employment and the economy.
A wage subsidy could put additional money from taxpayers into each low-wage paycheck, while encouraging employers to create jobs not eliminate them.
Whether a minimum wage hike will destroy jobs as opponents claim, or help to combat poverty as supporters argue, is a question of perspective.
While boosting wages for workers is critical, helping workers retain their jobs and stay on the income ladder makes more sense for the economy.
