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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (859374)5/25/2015 8:47:00 PM
From: TimF  Read Replies (1) of 1575381
 
The evidence is both anecdotal (stories about business closing down or cutting back after a large increase in the minimum wage which have been posted all over SI including here), and the conclusion of the majority of studies on the issue. (A very strong majority for large increases in the minimum wage, nearly 100% when you drop off any studies that don't address large increases.). Also its just common sense. Many businesses have labor as a major portion of their costs. Quite a few of those that focus on low skill/low wage employees have margins that are too low to cover a large increase in employee wages.
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