Debunking common myths about the minimum wage
By Brittany Schoepp and Tim Heinzel | Sep. 28, 2015Economic fallacies seem to be ingrained in the minds of many Americans. According to economically illiterate individuals, so-called “greedy capitalists” would pay each of their workers one cent per hour while raking in massive profits unless we have a minimum wage. Additionally, children would totally be working 12 hours a day in coal mines without the presence of child labor laws. Fortunately, none of these horrific myths are true.