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by xixi77 4543 days ago
Actually, iirc one of the major criticisms of the Card & Krueger is that they only look at employment at national fast-food chains, and ignore local burger shacks -- and it is primarily the latter (and their workers) that are going to be put at risk with the minimal wage increase, due to their lower margins and cash reserves. So an increase in minimal wage is likely to also increase industry concentration.