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Minimum Wage Misconceptions -- Ray was published in yesterday's Tribune-Review
Howard Richman, 6/23/2014

Here's how he begins:

Economists are divided on how much unemployment the minimum wage causes. But there is little doubt that a minimum wage decreases the demand for unskilled workers. What wage potential employers are willing to pay depends on what the employer believes that hiring an additional worker would be worth to him. No employer will hire a worker unless he believes the worker will contribute as much value as the worker costs.

Who is hurt the most by a minimum wage? Teenagers having no work experience and the unskilled, 20 or over, without work experience. And as the data show, black teenagers and the black unskilled are affected the most, which is an unintended consequence.

The unemployment statistics speak for themselves....

To read the article go to: http://triblive.com/opinion/featuredcommentary/6291221-74/wage-minimum-percent#ixzz35SPgmUqV