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Politics : Formerly About Advanced Micro Devices
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To: J_F_Shepard who wrote (859962)5/25/2015 9:31:20 PM
From: TimF1 Recommendation

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i-node

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Most of the negative effect (absent huge increase in the minimum, it might be different if the minimum is suddenly increased to $15), is not from people being fired (which would leave evidence) but marginal people not being hired (or getting less hours, or less benefits). The evidence of that is not as stark, but it does exist as well, even for actual historical increases in minimum wage most analysis of it shows a negative impact on employment.

Under the right circumstances, and for modest increases of minimum wages the effect will be minimal at least in the short run (and countless other factors operate in the long run, confusing the issue), but forcing a doubling of wages will obviously have an impact. Its just silly to think otherwise. Even in a rich jurisdiction like Seattle some businesses are threatened by the increase, in poorer and/or more depressed areas many businesses would go under or have some of their employees work off the books.
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