Think tanks

Think tanks

Cry Wolf Quotes

Minimum wage laws may very well be the most anti-poor laws envisioned by modern government policymakers.

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LaFaive, Michael D., Mackinac Center for Public Policy.
11/01/1997 | Full Details | Law(s): Minimum Wage

The Community Reinvestment Act does not appear to have had any positive effect on lending to residents of LMI neighborhoods. In fact, it appears to have had a negative effect on CRA lenders and LMI residents alike… While both CRA- and non-CRA lenders have increased the number of loans to low-income borrowers, the financial soundness of CRA-covered institutions decreases the better they conform to the CRA.

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Michelle Minton, Competitive Enterprise Institute

As a result, even though the Clinton proposal contains a very steep increase in the nation's tax burden, the actual amount of money the government collects may fall if enough workers lose their jobs and the taxable incomes of individuals and businesses decline.

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The Heritage Foundation.

Any way you slice it, increasing the minimum wage in Michigan… is likely to make it more difficult for the working poor to find jobs. …those who most need the work will have a harder time finding it.

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Kersey, Paul. Mackinac Center for Public Policy.
08/29/2005 | Full Details | Law(s): Minimum Wage