New Study Finds Minimum Wage Increases Hurt Low-Skilled Workers | Cato @ Liberty

New Study Finds Minimum Wage Increases Hurt Low-Skilled Workers | Cato @ Liberty: A new working paper from the National Bureau of Economic Research finds that significant minimum wage increases can hurt the very people they are intended to help. Authors Jeffrey Clemens and Michael Wither find that significant minimum wage increases can negatively affect employment, average income, and the economic mobility of low-skilled workers. The authors find that significant “minimum wage increases reduced the employment, average income, and income growth of low-skilled workers over short and medium-run time horizons.”