Blog
Michigan’s Minimum Wage
23rd June 2008
A good story here courtesy of Mark Perry’s blog from across the pond concerning fears that a fresh hike in the Michigan minimum wage from $7.15 to $7.40 per hour will create higher unemployment in a state where the jobless rate is already relatively high
“Legislation can artificially increase wages for unskilled workers, but the law cannot force employers to hire workers at those higher wages, and the evidence presented in the Flint Journal article suggests that local employers will now hire fewer workers this summer and in the future.”
Here are the details of the increase in the minimum wage
Flint Journal: Minimum wage soon to rise, again; Businesses worry about added expense
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.