The Deadweight Loss of Minimum Wage Hikes
The Deadweight Loss of Minimum Wage Hikes Share Share Tweet Has boosting the U.S. minimum wage from $4.25 per hour in 1994 to todays $7.25 per hour helped or hurt the U.S. economy? To answer this question, well be tapping the U.S. Census Bureaus data on the incomes earned by 15 to 24 year old Americans in 1994 and 2011 (which until this September represents the most recent year for which this data is available). Specifically, well be considering the size of the Age 15-24 population, t...
Source: townhall.com