Tag: Wage Hike

By Brian Joondeph | Commentary, Rasmussen Reports A new Rasmussen Reports survey reveals that 40% of Americans now believe the minimum wage should be at least $15 an hour, up from 36% a year ago. That’s a strong sentiment. After all, who doesn’t want working Americans to earn more? But compassion and sound economics are two very different things. In fact, the optimal minimum wage from an economic perspective is zero. This isn't an insult to workers but a recognition that government cannot create prosperity by decree, despite campaign promises. When wages are set by law instead of supply and demand, the first casualties are often those who need an entry point, such as teenagers, part-time workers, and adults looking for a second job to supplement their income. Contrary to...