Comments for Three Years with No Increase in the Federal Minimum Wage at http://www.cepr.net , comment 1 to 1 out of 1 comments http://www.cepr.net Wed, 19 Jun 2013 17:50:31 +0100 FeedCreator 1.7.3 http://www.cepr.net/index.php/blogs/cepr-blog/three-years-with-no-increase-in-the-federal-minimum-wage#comment-17901 The minimum wage is one of the single greatest barriers to economic recovery and clearing markets. It is anti market and has never been good economics as a going system. It blocks persons with no/low/wrong skills from finding any employment that could allow them a chance to gain skills and get into the mix. From a macro-economic standpoint what happens is that owners/managers hire fewer people than they would, those employed people are less than optimally utilized because they are performing lower skill tasks than they are qualified for, the company then makes less profit which pressures wages, and the U.S. becomes less attractive for business contributing to growth in countries elsewhere while growth here stagnates. The min wage is a friend to unions temporarily until the business goes under, but it is the enemy of the poor and economic mobility. - Dean Swomley Thu, 02 Aug 2012 04:54:11 +0100