The National University System was established in 2001 to meet the emerging challenges and demands of education in the 21st century. The System is uniquely aligned to connect a diverse population of students to a network of innovative educational programs that are relevant to their lives, careers, and the marketplace and are delivered in a format that respects competing life priorities.
Roger Showley, U-T SAN DIEGO
Friday, February 15, 2013
Kelly Cunningham, National University System
Answer: NO
If the goal is to spur job creation at a time of persistently high unemployment, raising the minimum wage will decrease employment and harm those it purportedly is supposed to help. Studies show for every 10 percent increase in minimum wage, low and unskilled jobs decrease 1 percent to 3 percent. Employers hire workers based upon marginal profit potential. Higher wages require greater productivity to be profitable and are only realized by raising prices or with fewer workers having the same level of production. This decreases employment prospects the most for young and low-skilled workers. Minimum wages are not intended to be life-long earnings levels.
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