Finally, a 2013 study by the economist Aspen Gorry in the European Economic Review suggests that minimum wage increases will disproportionately affect the young. By being shut out of the labor market, they will have fewer opportunities to gain skills that translate into higher earnings down the road.
So what can we do about it? We should start by recognizing that low-wage workers don’t earn low wages because employers are greedy and mean. Low-wage workers earn low wages because they don’t have a lot of valuable skills.
– Associate Professor of Economics at Samford University’s Brock School of Business
