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posted by martyb on Sunday July 30 2017, @06:41AM   Printer-friendly
from the Lies,-Damned-Lies,-and-Statistics dept.

"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


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  • (Score: 0) by Anonymous Coward on Sunday July 30 2017, @06:29PM

    by Anonymous Coward on Sunday July 30 2017, @06:29PM (#546760)

    Lots of illegals are unemployed, or occasionally employed, but by stuffing 5+ people into every room makes it more affordable to be poor. Why would they live such a life? Because their hometown is likely overrun by gangs and their prospects at home very bad. Even underpaid part time work in the US is better.

    It would be great if we could solve all the world's problems, but those in power in every country are more interested in maintaining the status quo.