“If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!” – Samuel Adams

Survey: Most Economists Believe Minimum Wage Hikes Increase Unemployment

WASHINGTON, July 24 /PRNewswire-USNewswire/ — An overwhelming majority of American labor economists agree that minimum wage hikes are an inefficient way to address the needs of poor families, according to a new national survey of the American Economic Association (AEA). The survey was conducted by the University of New Hampshire Survey Center and sponsored by the Employment Policies Institute.

Over 73 percent of AEA labor economists believe that a significant increase will lead to employment losses and 68 percent think these employment losses fall disproportionately on the least skilled. Only 6 percent feel that minimum wage hikes are an efficient way to alleviate poverty. The survey also found: (Full Article)


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