[caption id="attachment_177028" align="aligncenter" width="1024"] (AP Photo/Ted S. Warren, File)


By ASHE SCHOWWashington Examiner

What can and can't a $15 minimum wage do? That's the question answered by Mark Perry, an American Enterprise Institute scholar and University of Michigan-Flint economics professor.

Perry explains that the minimum wage requires employers to pay their employees a minimum of $15 an hour. That's it. That's all that proponents of the policy are calling for, but as Perry notes, there's a lot the law can't do, and that's where the problems occur.

For example, the policy "does not guarantee that a single new job will be created," Perry wrote. It also "cannot stop employers from reducing the number of weekly work hours assigned to employees at the new $15 an hour minimum wage."

Other things the policy can't do include stopping companies from bringing in robots or kiosks to take the place of low-skilled workers and keeping businesses from choosing to move to cities and states where the minimum wage is lower.

Cities, like Seattle, Wash., that have implemented a $15 minimum wage have seen job losses and business closures. Fast-food restaurants like McDonald's have already started installing kiosks so cashiers will no longer be necessary.

Full article at WashingtonExaminer.com.