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Politics : Did Slick Boink Monica?
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To: Grainne who wrote (14800)4/29/1998 1:19:00 AM
From: Zoltan!  Read Replies (1) of 20981
 
>>Incidentally, there seems to be respectable refutation to your theory that raising the minimum wage cuts the poor out of jobs:

Not so at all. It is a logical fallacy to presume that since unemployment has not risen in the aftermath of a rise in the minimum wage that there was not any adverse impact on employment.

There is no doubt that raising the minimum wage did reduce the number of jobs that the poor would have had available if the wage rate had not been raised.

The fact that employment rose is a testament to both a booming economy and welfare reform. It is just that employment would have risen higher without a rise in the minimum wage.

That author is ridiculous, especially in linking a rise in the minimum wage to decreased juvenile crime - wasn't that attributed to midnight basketball?

Did the minimum wage cause the reduction in adult crime too?

Further, why should SF have the same wage as Arkansas? I'll bet few would work for minimum in SF, so there the market minimum is actually higher, making the "legal" minimum largely irrelevant. (Except where wage contracts of higher paid workers are keyed to it, which was probably the reason for the Clinton move - but the effect would be the same, fewer jobs than otherwise).

In Arkansas, the minimum might raise some wages but probably also reduce employment as some jobs are exported to 3rd world countries.
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