Show Notes
Fraser Institute research shows that increasing the minimum wage does not help the working poor—the very people the government is trying to help by increasing the wage—but actually results in lost jobs (and fewer hours) for young people getting their first work experience. It also leads to higher prices, which perversely, affect low-income households more than high-income households.
There are better ways government can help low-income workers (for example, income transfer top-ups) that don’t have all the negative consequences of increasing the minimum wage.
Guest: Charles Lammam - Director Fiscal Studies, Fraser Institute
Learn more about your ad choices. Visit megaphone.fm/adchoices