Minimum Wage Myth

The "Minimum Wage Myth" is the misconception that increasing the minimum wage always leads to higher unemployment or economic harm. In reality, many studies show moderate increases can boost workers' earnings, reduce poverty, and have minimal or even positive effects on employment. The impact depends on various factors like local economy, wage levels, and business conditions. It's important to understand that raising the minimum wage isn’t a one-size-fits-all solution but part of a nuanced approach to improving living standards without necessarily causing job losses.