Minimum Wages: Good Politics, Bad Economics?
July 2014 | Morley Gunderson
Increasing the minimum wage tends to be very popular with the general public and so is equally popular with politicians eager to secure the support of that public come election time. However, Morley Gunderson outlines here, yet again, that good politics does not necessarily translate into good economics. This paper addresses a series of inter-related issues revolving around the political appeal of minimum wages, the profiles of minimum wage workers in Canada, and the effects of minimum wage increases, to best determine policies for adjusting minimum wages.