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Yes the correlation is lawmakers are more likely to raise the minimum wage when employment levels are high.
by strathmeyer 9y ago
Yes the correlation is lawmakers are more likely to raise the minimum wage when employment levels are high.
- jbuzbee 9y agoAgreed. In a robust employment market, lawmakers will raise the minimum wage to a level that is still lower than the market rate. The effect is pretty much zilch except for the lowest of the low-level employee. For them, the minimum wage acts as a safety net.