In this episode, Barry Farah provides insight into why a nationally set minimum wage does not help entry-level workers. Barry discusses how the percent of employees in the workforce that are at the minimum wage level has steadily declined for decades and now only represents 1.9% of workers. Barry Farah gives detailed information on what many on Capitol Hill call a “huge problem” is only applicable to 1.9% of today’s workers. Barry gives numerous examples of why a federally mandated minimum wage will hurt businesses, will not help employees, and is a solution in search of a problem.
In this episode, Barry Farah provides insight into why a nationally set minimum wage does not help entry-level workers. Barry discusses how the percent of employees in the workforce that are at the minimum wage level has steadily declined for decades and now only represents 1.9% of workers. Barry Farah gives detailed information on what many on Capitol Hill call a “huge problem” is only applicable to 1.9% of today’s workers. Barry gives numerous examples of why a federally mandated minimum wage will hurt businesses, will not help employees, and is a solution in search of a problem.