Doug Altner | All Articles

Doug Altner
Doug Altner
Analyst, Ayn Rand Institute

The forgotten man of the minimum-wage debate

              This Tuesday, Oct. 9, 2012 photo, shows a combined Long John Silvers and Taco Bell restaurant in Orlando, Fla. Fast-food operator Yum Brands Inc. said Tuesday its third-quarter net income rose by 23 percent, serving up a winning combo of across-the-board sales gains in the U.S. and a quick turnaround in its China market. The owner of the Taco Bell, Pizza Hut and KFC chains also raised its earnings guidance for the year.  (AP Photo/John Raoux)

President Obama has renewed his call for Congress to raise the minimum wage to at least $9 per hour. Advocates claim that raising the minimum wage helps low-wage workers. Opponents point out that if Congress makes it illegal to hire an employee for less than $9 per hour, there will be fewer job opportunities for those who lack skills and experience.