minimum wage

An Obama administration proposal to raise the minimum wage may not help as many low-wage earners as estimated, although some economists argue that the policy will reverberate positively through the economy.

Keith Hall, a Mercatus Center scholar at George Mason University and former head of the Bureau of Labor Statistics, said the only real avenue to increasing wages and assisting those with incomes below the poverty level is to create jobs.

“It’s probably not going to affect that many people,” Hall told The Hill.

“Putting it into context — those who are trying to support families are not who are making minimum wage.”