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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: 0) by Anonymous Coward on Monday July 31 2017, @01:07AM
there are fewer and fewer jobs that pay more than minimum wage
To paraphrase Pastor Niemöller: [wikipedia.org]
First they came for the wages of the burger flippers, and I did not speak out
...because I was not a burger flipper.
Then they came for the wages of the warehouse workers, and I did not speak out
...because I was not a warehouse worker.
Then they came for the wages of the teachers, and I did not speak out
...because I was not a teacher.
Then they came for my wages
...and there was no one left to speak for me.
.
Trickle-down is actually a thing--but, like sewage trickling down from busted plumbing, it's only bad stuff that finds its way downward.
Solidarity is the only tool that has ever been effective for The Workers.
...unless you want to do what they did in France in 1789 and start chopping off the heads of The Ownership Class.
-- OriginalOwner_ [soylentnews.org]