Does the Minimum Wage Prevent Poverty?
May 19, 2017
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0:57Now PlayingDoes the Minimum Wage Prevent Poverty?
YouTube Description
as posted by the channelDoes the minimum wage help Americans who are in financial straits? No. In fact, it makes their lives worse. Learn why in this short video.
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Script:
We don’t like to see anyone living in poverty, but making employers pay their employees a higher minimum wage of more than $10 an hour really won’t solve the poverty problem.
That’s because most people who earn minimum wage don’t live in poverty in the first place. They actually live in homes where at least one or two other people work… like a teenager whose parents have jobs.
Or they are retirees who have savings accounts and Social Security as their main income. In fact, only about 1 in 10 minimum wage workers lives in a household that the government would consider poor.
Does it make sense to try to solve the right problem the wrong way?
A well informed public is the best defense against bad public policy.
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