Raising the federal minimum wage to $15 probably won’t fix poverty, and might actually hurt poor people instead.
That’s the message of Ryan Young’s Oct. 2 article, published by the Competitive Enterprise Institute. Raising the minimum wage is a top policy issue at the local, state, and now federal level. A current bill, the Raise the Wage Act, would phase in a higher national minimum wage, to a maximum $15 an hour by 2024.
