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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (886219)9/9/2015 11:44:13 AM
From: TimF  Read Replies (2) of 1576875
 
The majority of studies (plus common sense and almost all economic theory and most economists*) show that high minimum wages and large increases in minimum wages, have a negative effect on employment.

I can't think of a single study that says otherwise. Card-Kruger, in addition to all of its weaknesses, doesn't say otherwise. It analyzed only a modest increase in the minimum (and also later analysis of actual payroll data seems to refute its point even for the modest increase).

* a fair number of economists support minimum wage increases but often modest increases not $15 or $21 /hour for the US which have been proposed as "living wages", and often because they think the price in lost jobs is worth paying, not because they think there is no cost.
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