Does the Minimum Wage Prevent Poverty?
Does the minimum wage help Americans who are in financial straits? No. In fact, it makes their lives worse. Learn why in this short video.
Donate today to PragerU! http://l.prageru.com/2ylo1Yt
This video is part of a collaborative business and economics project with Job Creators Network. To learn more about JCN, visit https://www.jobcreatorsnetwork.com.
Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup
Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips.
Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys
Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru
Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful.
VISIT PragerU! https://www.prageru.com
PragerU is on Snapchat!
For Students: http://l.prageru.com/29SgPaX
JOIN our Educators Network! http://l.prageru.com/2c8vsff
We don’t like to see anyone living in poverty, but making employers pay their employees a higher minimum wage of more than $10 an hour really won’t solve the poverty problem.
That’s because most people who earn minimum wage don’t live in poverty in the first place. They actually live in homes where at least one or two other people work… like a teenager whose parents have jobs.
Or they are retirees who have savings accounts and Social Security as their main income. In fact, only about 1 in 10 minimum wage workers lives in a household that the government would consider poor.
Does it make sense to try to solve the right problem the wrong way?
A well informed public is the best defense against bad public policy.