|
|
|
|
|
by sarchertech
408 days ago
|
|
> 90% of these studies finding no or only small disemployment effects. That’s what you’d expect though if the studied minimum wage increases were too small to meaningfully impact the labor market, which mostly seems to be the case from randomly spot checking a few of the underlying studies. For example roughly 0.15% of the workforce currently makes $7.25 an hour. McDonald’s in low cost of living areas starts out closer to $15. So if you raise the minimum wage to $8. You’ll see “small unemployment effects.” If you raised it to $20, you’ll see much larger unemployment effects. But legislators know this is the case so they don’t tend to raise minimum wages by amounts that will cause large unemployment effects. So of course most studies of real world minimum wage increases don’t show large unemployment effects. Personally I think a negative income tax is a much more efficient and fair means of accomplishing the same goal. |
|