3 ms·
> are also studies that suggest change for the worse. There aren't. The literature is surprisingly uniform. I mean, I'm sure you can find something funded by
by jellicle 7y ago
> are also studies that suggest change for the worse.
There aren't. The literature is surprisingly uniform. I mean, I'm sure you can find something funded by a libertarian thinktank that says otherwise, but nothing by credible researchers doing honest research. Universally and without exception, areas that increase the minimum wage experience economic boosts compared to similar areas that don't.
> Minimum wage earners aren't going to be investing in increased production capacity.
Nobody said they would, or would have to. Restaurant owners do the investing; wage earners do the consuming. Investment follows demand, obviously.
> very unlikely that minimum wage rises are a big-picture win.
Oddly, the literature says the exact opposite.
You seem to think that there's a fixed supply of restaurant meals - only 100 meals, no more, and if Sue wants to eat then Larry doesn't get to. This is... not the case.