3 ms·
One thing I found was interesting > The effects of a wage floor can also be felt outside low-pay sectors. A preliminary study in 2019 of the impact of Germany’
by hpoe 6y ago
One thing I found was interesting
> The effects of a wage floor can also be felt outside low-pay sectors. A preliminary study in 2019 of the impact of Germany’s minimum wage found it led to more reallocation of workers from smaller, lower-paying firms to larger, higher-paying ones.
Is it possible that although the change in overall employment was muted smaller shops were closed up and their work simply transferred to larger ones better able to expend the capital?