The costs and benefits of raising the minimum wage

Is it too much for businesses? Or too little for workers?

Left-wing advocates applaud this week’s 70-cent hike in the national minumum wage as “a boon for the so-called working poor,” said The Wall Street Journal in an editorial. But most minimum-wage workers are teenagers or spouses earning a second income for families that are doing just fine. Imposing unnecessary burdens on employers is never a good idea, “but the timing for this latest minimum-wage hike, amid a weak economy, could hardly be worse.”

Actually, the timing might be the best part of this raise, said the Norman, Okla., Transcript in an editorial. This boost to $6.55 an hour for the nation’s lowest-paid workers “came just as most Americans are trying to keep ahead with higher gasoline and food prices and surcharges levied on everything from freight to flowers.”

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