Minimum-wage increases may exacerbate unemployment, economists say

12/17/2013 | MainStreet.com

State mandates to increase the minimum wage may lead to some low-skilled workers being replaced with automation, which could drive up taxes as more people need public assistance when they become unemployed, economists say. While paying workers more "sounds fair and just, it ignores basic economic realities," says Phillip Wilson, president of the Labor Relations Institute.

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