3 ms·
Only 2.3% of Americans earn minimum wage. https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm https://www.bls.gov/opub/reports/minimum-wage/2017/home.ht
by JimTheMan 5y ago
Only 2.3% of Americans earn minimum wage.
https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm
The relationship between unemployment and minimum wage is not as concrete as you might think. Economics 101 predicts it would, but empirical studies don't actually tend to support or refute that notion.
Unsure how UBI doesn't results in massive inflation. Not against the concept, but not sure why we couldn't just have a functioning welfare system.