As far as I understand it this hypothesis that was tested with the study done by dube, lester, Reich and the effect was found to be undetectable. Minimum wage

As far as I understand it this hypothesis that was tested with the study done by dube, lester, Reich and the effect was found to be undetectable. Minimum wage is elastic in (your) theory but in practice it appears the majority of companies opt to take the hit in profits rather than fire people.