Hacker News new | ask | show | jobs
by crdoconnor 3974 days ago
>15 dollars will put people in most of the country out of work.

Like it did in Australia?
1 comments
rhino369 3974 days ago
But you also have to compare PPP, cost of living, and unemployment rates.

Australia's PPP adjusted minimum wage is 10.50 USD.

It's very possible that Australia's min doesn't hurt employment and it would in the USA.

It's also plausible that Australia's recent increase in employment (while US is hitting post 2008 lows) is partially caused by too high of a minimum wage.

link
crdoconnor 3973 days ago
>It's very possible that Australia's min doesn't hurt employment and it would in the USA.

Much as the National Restaurant Association, Cato and American Enterprise Institute would love for us to believe this, it just isn't true.

It would hurt profits, though, and a lot of those restaurants paying minimum wage would go out of business (and be replaced by other restaurants).

link