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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, @02:24AM
Following on the tack of TheRaven, if they were going to, wouldn't they have -already- done that?
You blockquoted the part I was going to.
they could cut the workforce
I note that since USA's minimum wage was instituted in 1938, it has been raised 22 times.
Not once has that brought about that hand-waving result.
Again: If a boss is keeping a worker on the payroll, it's because he needs that worker.
...and, at the Mondragon cooperative, when they have had a downward demand for a division's products, they moved worker-owners to another division and/or cut the hours of each worker-owner a bit.
Mondragon has never had a layoff.
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