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*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]
*The Employment Policies Institute, a business-friendly non-profit based in Washington, D.C., argues that “economic research has shown time and again that increasing the minimum wage destroys jobs for low-skilled workers while doing little to address poverty.” [http://blogs.forbes.com/moneybuilder/2010/02/24/seniors-pushing-young-adults-out-of-the-workforce/]
More than 90% of countries -- most of which have unsuccessful economies -- have minimum wage laws. The minimum wage in the United states was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a student can drop out of high school and earn at least $15,080.00 for the year based on a 40-hour work week, and more if he works overtime. As a result, the higher the minimum wage, the higher the dropout rate in school. The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws. The national minimum wage laws are based in the the powers vested in Congress by the [[Commerce Clause]].
More than 90% of countries -- most of which have unsuccessful economies -- have minimum wage laws. The minimum wage in the United states was most recently raised to $7.25/hr, on July 24, 2009. At this rate, a worker can earn at least $15,080.00 for the year based on a 40-hour work week, and more if he works overtime. The minimum wage is higher in many states, such as [[New Jersey]], due to state minimum wage laws. The national minimum wage laws are based in the the powers vested in Congress by the [[Commerce Clause]].
Increases in the minimum wage cause students to drop out of school in order to join the workforce, rather than continue their education for higher paying jobs in their future.<ref>http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm</ref>
Increases in the minimum wage cause students to drop out of school in order to join the workforce, rather than continue their education for higher paying jobs in their future.<ref>http://www.house.gov/jec/cost-gov/regs/minimum/against/against.htm</ref>