Last updated on: 3/22/2016 | Author: ProCon.org

Cato Institute Biography

Position:
Con to the question "Should the Federal Minimum Wage Be Increased?"
Reasoning:

“Some policymakers are proposing to raise the minimum wage, but that policy would be harmful. Research shows businesses would respond to the increased costs by reducing employment, particularly for low-skilled workers. Some businesses may pass the higher costs on to consumers. Despite the hope of proponents, the minimum wage does little, if anything, to decrease poverty.”

“Four Reasons Not to Raise the Minimum Wage,” cato.org (accessed Mar. 16, 2016)

Theoretical Expertise Ranking:
Organizations/VIPS/Others
Individuals and organizations that do not fit into the other star categories.
Description:

“The Cato Institute is a public policy research organization — a think tank – dedicated to the principles of individual liberty, limited government, free markets and peace. Its scholars and analysts conduct independent, nonpartisan research on a wide range of policy issues.

Founded in 1977, Cato owes its name to Cato’s Letters, a series of essays published in 18th-century England that presented a vision of society free from excessive government power.”

“About Cato,” cato.org (accessed Mar. 16, 2016)

Mission:

“The mission of the Cato Institute is to originate, disseminate, and increase understanding of public policies based on the principles of individual liberty, limited government, free markets, and peace. Our vision is to create free, open, and civil societies founded on libertarian principles.”

“Cato’s Mission,” cato.org (accessed Mar. 16, 2016)

Other:
501(c)(3) nonprofit
Quoted in:
Pro & Con Quotes: Should the Federal Minimum Wage Be Increased?