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"I'm also still unclear on _how_ a minimum wage would have no effect on unemployment," There's three things that can give: 1) Unemployment (workers eat shit)
by crdoconnor 10y ago
"I'm also still unclear on _how_ a minimum wage would have no effect on unemployment,"
There's three things that can give:
1) Unemployment (workers eat shit)
2) Inflation (customers eat shit)
3) Profits (owners eat shit)
I'll give you a clue which group takes the brunt of minimum wage increases. Take a wild guess who paid for this expensive times sq advert:
https://pbs.twimg.com/media/CNsVNeGWUAE3T7p.png https://pbs.twimg.com/media/CNsVNeGWUAE3T7p.png
The low pay commission study actually found no effect on employment and no effect on prices except for a very slight non-commensurate rise in one industry (canteen services i think).