Raising the Minimum Wage Will Not Reduce Poverty
Supporters of raising the minimum wage argue that doing so will reduce poverty. It seems intuitive that raising the minimum wage would have this effect. Presumably, requiring employers to pay their lowest-paid employees more would lift large numbers of low-income households out of poverty. But the evidence shows that this does not happen. Despite supporters' good intentions, a higher minimum wage will not reduce poverty. This is true for three main reasons.
Source: heritage.org