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Article: MINIMUM WAGE IS IT NECESSARY? TOO LOW?
- Article from:
- Evansville Courier & Press (2007-Current)
- Article date:
- June 29, 2003
- Author:
CopyrightCopyright 2003 Evansville Courier & Press. Provided by ProQuest LLC. (Hide copyright information)
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The federal minimum wage act turned 65 years old this month, and
still there is disagreement over its true value.
Mike Zimmer, a professor of economics at the University of
Evansville, is among those who think the minimum wage does as much
harm as good. Zimmer thinks the minimum wage should be zero rather
than the current $5.15 an hour, which has stuck since 1997.
"Historically, every time there's a forced wage increase, it tends
to destroy jobs," he said.
"If an employer is forced to pay a higher wage, he will find a way
to reduce his work force," said Zimmer. "Or he will find ways to
automate a production process or reduce benefits or job training. Or
he will hire illegal aliens."
A ...