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Experiment? It's not like this is the first time this sort of thing has happened. There's piles of data and research on this, and it's not hard to make an estim
by nitwit005 10y ago
Experiment? It's not like this is the first time this sort of thing has happened. There's piles of data and research on this, and it's not hard to make an estimate of the impact yourself. Just make an Excel spreadsheet with past minimum wage increases and the change in unemployment X years later.
Or you can just look at news articles from the past. There is long history of people predicting dire employment impacts that never materialize.
- ghaff 9y agoHowever, minimum wage hikes in the past have generally been small increments usually below the existing prevailing wage for a lot of entry level labor. Partially as a result you had to squint hard to see any kind of effect.