3 ms·
Minimum wage has got to have impact on jobs at a certain point. If you set minimum wage at 50 USD an hour, there will be job losses. The question is, what is
by UK-AL 10y ago
Minimum wage has got to have impact on jobs at a certain point.
If you set minimum wage at 50 USD an hour, there will be job losses.
The question is, what is the point where you start encountering job losses?
- jhugg 10y agoAnd some people are pointing to the magnitude of the recent changes in some places in the US, $8->$15 per hour, as an experiment that perhaps hasn’t been tried before. It’s possible this will be different. But anyone who claims that minimum wage hikes will affect jobs, is making a hypothesis based on some theory that is far from settled, not a predition based on evidence.