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"In what has become a running joke amongst those skeptical of the claim that minimum wage increases have no effect on unemployment, a recent report by the Employment Policies Institute showed that 174 of the 184 co-sponsors of a bill to raise the federal minimum wage to $15 an hour hired unpaid interns."
"In a review of over 100 studies, economists David Neumark and William Wascher found that,A sizable majority of the studies surveyed ... give a relatively consistent (although not always statistically significant) indication of negative employment effects of minimum wages. In addition, among the papers we view as providing the most credible evidence, almost all point to negative employment effects, both for the United States as well as for many other countries." http://www.nber.org/papers/w12663.pdf
"Yes, minimum wages still do increase unemployment."
https://mises.org/blog/seattles-minimum-wage-supporters-ignore-facts
(Score: 5, Insightful) by aristarchus on Sunday July 30 2017, @09:57AM
It tells us that the people at the Miser Institute are being way overpaid. If we want fairness and equality, and equal opportunity for all to succeed, we need to think more about a maximum wage for right-wing nut-job think tanks. Probably have a far greater effect on the economy as a whole than any pitiful increase in a minimum wage.