3 ms·
This study strongly hints at the effect of minimum wage prohibition mostly manifesting as reduced employment growth, instead of increased unemployment, due to t
by CryptoPunk 6y ago
This study strongly hints at the effect of minimum wage prohibition mostly manifesting as reduced employment growth, instead of increased unemployment, due to the mobility of labor reducing the measurability of the latter:
https://web.archive.org/web/20160410035745/http://economics.cornell.edu/sites/default/files/files/events/Meer_West_Minimum_Wage.pdf https://web.archive.org/web/20160410035745/http://economics....
In the absence of definitive evidence either way, it would be prudent to err on the side of basic economic theory, that says mandatory price floors create economic deadweight losses.