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This isn't the first such study, in fact there is a long history of them, with results so mixed that nothing can be concluded one way or the other on minimum wa
by sideshowb 9y ago
This isn't the first such study, in fact there is a long history of them, with results so mixed that nothing can be concluded one way or the other on minimum wage (except perhaps for the conclusion that Economics 101 models don't match the real world). The following book contains a short review in an early chapter
https://www.amazon.co.uk/Economics-Anti-Textbook-Critical-Thinkers-Microeconomics/dp/1842779397 https://www.amazon.co.uk/Economics-Anti-Textbook-Critical-Th...
Still to my mind, a high level of Universal Basic Income combined with no minimum wage would be a more logical thing to do, and solves the above problems.