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Dear John,
Raising the minimum wage is often presented as a strategy for helping the working poor – which makes sense, at face value.
But a new Fraser Institute study out today raises questions about its efficacy in achieving that goal.
Why? It's simple: the vast majority of minimum-wage earners don’t live in low-income households.
92.3% of minimum-wage earners don’t live in low-income families. They are mostly teenagers or young adults under the age of 25 who live with their parents.
In fact, only 2.2% of minimum-wage earners fit the oft-cited profile of single parents with young children.
Check out the full study here, and be sure to share it with your friends and colleagues.
Stay safe,
Niels Veldhuis
President
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