3 ms·
> The minimum wage is a strawman by comparison: it doesn't actually help workers. [citation needed] By measures such as own-wage elasticity [DUBE & ZIPPERER]
by Alpha3031 1mo ago
> The minimum wage is a strawman by comparison: it doesn't actually help workers.
[citation needed]
By measures such as own-wage elasticity [DUBE & ZIPPERER] increases to the minimum wage evidently increase wages more than they decrease employment.
[DUBE & ZIPPERER]: https://www.nber.org/papers/w32925 https://www.nber.org/papers/w32925
- eru 1mo agoA (big) decrease in employment would be sufficient to tank the minimum wage, but it ain't necessary. I'd say, concentrating on employment is a bit of a red herring. A worker's compensation is a whole basket of pay, working conditions, career advancement opportunities, prestige etc. Similarly, what a worker does for the company is a whole basket of things. Minimum wage outlaws baskets where pay per official hour is under some threshold. For an illustration of different baskets, have a look at the hectic life and relatively higher pay you get working for Aldi with the more measured pace and lower wages at Walmart.
- Alpha3031 1mo agoI am taking your reply as stating a lack of intention to provide any evidence for claims given you have failed to do so.