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I mean that I have read evidence that minimum wages increase unemployment more in poor areas of the country than in wealthy ones. I'm coding all night at the mo
by jacoblyles 16y ago
I mean that I have read evidence that minimum wages increase unemployment more in poor areas of the country than in wealthy ones. I'm coding all night at the moment, so I don't have time to look it up. But to say that "noone" has skills to offer the labor market that will clear at a price below the minimum wage is myopic.
- nopassrecover 16y agoOkay, so my argument is that the minimum wage shouldn't increase unemployment at all, because it is so low that any reasonable task is worth more than the low rate the wage is set at. What you say makes sense - if a minimum wage is so high that employers can't afford employees anymore then the poor areas will be hit worst, because the poor areas are the most unskilled.