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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: 1) by khallow on Monday July 31 2017, @12:25PM (1 child)
As an aside, the higher you make minimum wage, the more and more jobs that will pay it - in addition to the more and more illegal jobs that pay less than minimum wage.
(Score: 0) by Anonymous Coward on Monday July 31 2017, @03:47PM
Yes, and what does that have to do with anything? Nobody is complaining about it because it's the minimum wage, we're complaining about it because people with full time minimum wage jobs can't afford luxuries like food and shelter and have little to no hope of saving money in case an emergency shows up. And this is at the same time when the richest haven't had it so good in a century.
We've got the money to do the right thing, but apologists like you like to blame the people who have the least influence over the system. I'm sure your mother is very proud of what a good brown shirt you've grown up to be.