The Case Against a Fifteen Dollar Minimum Wage

Zak Young
3 min readFeb 24, 2021

The political movement in favour of increasing the minimum wage to $15 / hr is very strong right now in both America and Canada. Advocates of the minimum wage hike argue it is time to give low-income workers a raise, and that low paying jobs shouldn’t exist. But they are mistaken. They are wrong about the impact of the minimum wage and wrong that low paying jobs shouldn’t exist.

It is important to understand how the minimum wage works. The economic is not some static thing, where you need to have say 10,000 fast-food jobs and 15,000 construction…