3 ms·
Can anyone point me to any broad research or economic analysis that shows that minimum wage laws do anything to help those with low skill in the labor market? T
by HEmanZ 3y ago
Can anyone point me to any broad research or economic analysis that shows that minimum wage laws do anything to help those with low skill in the labor market? The economic consensus and data evidence I find is that it basically does nothing in the medium term, because the market just inflated to adjust, and pushes people out of the workforce or into the black market at the margins.
I’m liberal enough to be open to the idea, but it seems like the least likely of left wing economic policies to actually improve the quality of life of low skill workers.