Thursday, April 21, 2005
On this day:

Higher Minimum Wage = Higher Unemployment

NPRI: How much carnage? -- Chronic screw-ups like minimum wage schemes suggest the blather about 'compassion' is bogus. By Steven Miller
Washington voters in 1998 approved an initiative not only raising that state’s minimum wage but also tying it to changes in the federal Consumer Price Index. AFL-CIO operatives told Washingtonians—just as they told Nevadans during last year’s campaign here—that a big hike in the minimum wage would decrease poverty. What the record shows, however, is that the Washington law created and expanded poverty—exactly as opponents within the business community had warned! This is all documented in clear detail in an important white paper, The Economic Impact of Washington’s Minimum Wage Law, by Richard Vedder and Lowell Gallaway, of Ohio University—on the Web at http://biz.npri.org/minimum/WAMinWageStudy.pdf .