Tag: low-skilled workers

The Hidden Costs of Mandating Minimum Wage: A Comprehensive Analysis

Minimum wage laws, while intended to help workers, can have unintended negative consequences. Azu Ishiekwene argues that these laws can harm low-skilled workers, reduce job opportunities, and lead to higher prices. Alternative solutions like Earned Income Tax Credits and conditional cash transfers may offer better outcomes without the drawbacks of minimum wage mandates.