Minimum wage hike does more harm than good: think tank

Raising the minimum wage will do little to reduce poverty mainly because most minimum-wage earners don’t live in low-income households, suggests a new study by the Fraser Institute.

“Despite good intentions, the evidence shows increasing the minimum wage is not an effective policy for helping Canadians struggling with poverty,” said Charles Lammam, director of fiscal studies at the Fraser Institute and report co-author.

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