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by htf
4934 days ago
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> there's actually little empirical evidence that minimum wages, at least at the level contemplated in the U.S., actually do have an impact on unemployment in the world world, except on part-time work by teenagers. There are unemployed people today who would like to have a job. Isn't that sufficient empirical evidence? > No, because lowering the minimum wage, empirically, does not produce new jobs. But it does. As the minimum wage goes to zero, I could personally create a larger and larger number of jobs. |
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