X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
In addition to decreased benefits, experts argue that an increased minimum wage brings the potential for layoffs, tax increases, more automation, increased youth unemployment and higher crime rates. (Photo: Shutterstock)

Tradeoffs resulting from an increase in the minimum wage, argues a new paper from the Competitive Enterprise Institute, result in negative economic effects for people with low incomes that offset the benefit of any raises.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.