4 ms·
i'm pretty sure there have been studies on this. i think one study found that raising the minimum wage either didn't make a difference in unemployment, or that
by tokipin 13y ago
i'm pretty sure there have been studies on this. i think one study found that raising the minimum wage either didn't make a difference in unemployment, or that it lowered unemployment slightly (i believe this study was based on a border region between two states, one of which raised the minimum wage)
but either way, i don't think you should assume it's a simple matter
- yetanotherphd 13y agobut the point is that if you are saying "don't hire a person to do something that you can't afford to pay a living wage for" then you are encouraging them to hire less people, which directly creates unemployment (even if there are other mechanisms that counteract this). I'm aware of the study, but I think that economic theory is more informative than a single study that can't necessarily be generalized.