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The jobs debate over minimum wage is as simple as this. If you raise the price of just about anything, you get less demanded of it, including employees.
A look at the Restaurant Opportunities Center
Minimum wage ballot backers don't think jobs will be lost
Video report: Zingerman's wants higher minimum wage
A 2011 study shows that members of the U.S. Congress who majored in economics are less likely to vote for a minimum wage increase.
Mackinac Center for Public Policy Research Associate Justin Skorup discusses the minimum wage.
Some businesses have at least one economic incentive to lobby for minimum wage hikes: It can hurt their rivals.
The Mackinac Center began predicting that a minimum wage debate would likely take center stage in 2014. In this essay Michael LaFaive takes note of what appears to be a national effort to “distract voters from Obamacare failures come November, among other issues.”
Democratic gubernatorial candidate and former Congressman Mark Schauer has proposed raising Michigan’s minimum wage to $9.25 per hour over a period of three years and indexing it to inflation from there forward. While mandating higher wages often sells well politically, the cost of doing so would be worse for the very people it is intended to help.
By James M. Hohman — One of the seven principles of sound public policy is that we consider long-run effects and all people, not short-run effects and a few people. The latest push for an increase in the minimum wage could use more of a consideration of the long-term effects on all people.
The Mackinac Center for Public Policy is a nonprofit research and educational institute that advances the principles of free markets and limited government. Through our research and education programs, we challenge government overreach and advocate for a free-market approach to public policy that frees people to realize their potential and dreams.
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