Is the evidence actually solid for the minimum wage thing? My half-informed impression was that it's not–demand for labor is often surprisingly inelastic. Mayb

Is the evidence actually solid for the minimum wage thing? My half-informed impression was that it's not–demand for labor is often surprisingly inelastic. Maybe you can go from 100 to 95 people on an assembly line, but you can't have 0.95 of a person taking orders. Also, increasing someone's salary by $1/hr only costs a few thousand dollars per year (~2000 working hours/year + payroll taxes).