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... fell thirty-five percent. If wages had kept pace with rising productivity since 1968, the average hourly wage would have been $24.56 in 2000, rather than $13.74. The minimum wage would be $13.80--not $5.15. However, there are many other factors to consider other than the real wages for minimum wage workers when considering increases such as the effects of increases on the overall level of employment, annual labor costs, poverty, employee benefits, consumer prices, and lower-skilled labor.
The S. 277 Fair Minimum Wage Act of 2001 was introduced on February 7, 2001. It proposed amending the Fair Labor Standards ...

... Thus, increases in the minimum wage lead to unemployment.
Employment Policies Institute (EPI) research from Ohio University tracked U.S. poverty data going back to 1953, Drs. Richard Vedder and Lowell Gallaway studied whether (after adjusting for price changes, the business cycle and federal transfer payments) the minimum wage was effective in lowering the poverty rate. They concluded that minimum wages, because of inefficient targeting of the poor and unintended adverse consequences on employment and earnings, are ineffective as an antipoverty device. More disturbingly, the researchers discovered that the minimum wage actually appeared to raise the level of poverty for some subgroups based on gender, ...

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