For one, the reality is that no full-time minimum wage workers are in poverty by the federal government’s own standards
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More than 3.1 million workers across the nation received a late Christmas gift on Jan. 1, when minimum wages were increased in 21 states. Although the mandated wage hike was welcomed by many workers, they will soon find that their new pay raise will cause more harm than help.
It’s understandable why voters supported increasing the minimum wage. Living on $7.25 per hour—the federal requirement for minimum wages—is an exceptionally difficult endeavor, and it’s hard to imagine a family with children thriving with such little income, even if parents are working 40 hours per week or more. However, behind all of the compassionate slogans and well-intentioned protests rests a reality that sharply cuts through the many myths surrounding minimum wage increases: economics and common sense.