President Obama is expected to call for a minimum wage hike in today’s State of the Union address. But Heritage Foundation expert James Sherk debunks the common liberal myth that we need to raise the minimum wage to help low-income workers:
The minimum wage does not need to rise for minimum-wage employees to get a raise. Two-thirds of minimum-wage workers make above the minimum wage a year later. This happens because most minimum-wage jobs are entry-level positions. They teach unskilled and inexperienced workers basic employment skills. Without these skills, they cannot qualify for higher-paying jobs. As they acquire these skills, they become more productive and can command higher pay.
What do you think? Should we raise the minimum wage?