The Real Minimum is Zero
What to Know: President Joe Biden has proposed raising the federal minimum wage to $15 per hour.
The TPPF Take: A higher minimum wage hurts those it is supposed to help.
“When governments artificially raise the minimum wage, they have the real and predictable effect of eliminating lower wage, lower skill jobs, and that hits young adults and minorities hardest,” says TPPF’s Vance Ginn. “Instead, government should let people prosper by getting out of the way and letting people negotiate wages that work for them.”