Increasing the minimum wage would help — not hurt — the economy

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Increasing the minimum wage would help, not hurt, the economy

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The minimum wage in the United States hasn’t budged in 11 years. Whether it should was a hotly contested question during Thursday’s final presidential debate.

The issue clearly resonates with voters: “Wages” was the most-searched topic in 44 states during the debate . Surveys indicate, though, that Trump’s view is out of step with that of most Americans: Two-thirds want to see a $15 minimum wage, according to the Pew Research Center. Story continues“The best evidence is that judiciously set minimum wages make a lot of sense. They raise earnings, reduce individual and family poverty, and have no measurable negative effects on employment,” said David Autor, an economics professor at MIT and co-chair of the MIT Task Force on the Work of the Future.

“The real value of the federal U.S. minimum wage is at a historic low,” Autor said. “I'd be happy to see something like $12 or $13, indexed to inflation so it doesn't again sink to irrelevance within 10 years.”

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What about the jobs just hovering above middle wage So what happens to the value of their employment after McDonald's workers become equally paid as skilled workers See, it's not as easy as it sounds now is it ?

So, double minimum wage...but then fire half your workforce and that 'helps the economy'? Democrats have become dangerously stupid

And obviously whoever wrote this opinion piece does not understand basic economics

will hurt the TOP 12% of uber-rich Americans... people in MARKETS Trump loves to shout about getting RICHER

It hurts the economy..look at california one of the highest wages in the country..homeless and rent and homes are skyrocketing not to mention food lines everywhere

Hmm, our two bed apartment after 1 year jumped from 1200 to 1900. Is there a connection?

There should be a minimum wage for adults to help with their standard of living but there should be a lower wage for young adults living at home and for people new in a minimum wage job. People need an incentive to improve and grow.

Sure thing thats brilliant!! Then a loaf of bread will be $50.00 instead of $5. too! Thats soo great! Your rent now jumps to $7,000 a month instead of $1250 too! yeswecan morons

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