Patrick Center January 31, 2014 | WGVU Those in favor of raising the minimum wage say it helps raise low-income Americans out of poverty.Yannet Lathrop is with the Michigan League for Public Policy.“One of the benefits of increasing the minimum wage is an injection of money into the economy. Again, it’s a more moderate amount per worker but that increase over time would lead to benefits such as the $1 billion over three years that we estimate in an economic boost to the state.”
“On the other hand you can decrease the money floating around from that standpoint and lose their jobs which is one of the consequences,” explains Jarrett Skorup with the Mackinac Center for Public Policy whose concern is a jump in minimum wage would do more harm than good.
“If a business does not believe, let’s say they want to hike it to $10.10 an hour, if they don’t believe you’re not worth that amount it doesn’t matter what the government says or anybody says, they’re not going to hire you.”
The minimum wage debate continues tonight @ 8:00 on WGVU-Life Channel and again Sunday morning @ 10:00 on WGVU-HD.
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