Raising the Minimum Wage Isn’t Bad Economics

Low wage workers take part in a protest organized by the Coalition for a Real Minimum Wage outside the offices of New York Governor Andrew Cuomo, May 30, 2013. The workers from restaurants and other trades who say there are rampant violations in minimum wage and other labor laws in New York were calling on Governor Cuomo to take action to ensure that all workers in New York receive a real increase in the minimum wage including workers who rely on tips from customers. Cuomo recently signed legislation to increase New York State's minimum wage from $7.25 an hour to $9 an hour over the next three years. REUTERS/Mike Segar (UNITED STATES - Tags: CIVIL UNREST BUSINESS EMPLOYMENT)