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Actually it doesn’t — the decline in real income is not huge even on the high end and actual site comments on its findings: “ How would increasing the minimum
by cristiancavalli 3y ago
Actually it doesn’t — the decline in real income is not huge even on the high end and actual site comments on its findings:
“ How would increasing the minimum wage affect the number of people in poverty? By boosting the income of low-wage workers with jobs, a higher minimum wage would lift some families’ income above the poverty threshold and thereby reduce the number of people in poverty. But low-wage workers who lost employment would see their earnings decrease, and in some cases their family income would fall below the poverty threshold. The first effect would tend to be larger than the second, so the number of people in poverty would generally fall.”
Yes there would be job losses but that effect is shown to not be nearly as large as the number of people lifted out of poverty.