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The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

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The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment

The opinion of the economics profession on the impact of the minimum wage has shifted significantly over the past fifteen years. Today, the most rigorous research shows little evidence of job reductions from a higher minimum wage. Indicative is a 2013 survey by the University of Chicago’s Booth School of Business in which leading economists agreed by a nearly 4 to 1 margin that the benefits of raising and indexing the minimum wage outweigh the costs.

This page reviews the most widely-cited and influential studies on the impact of minimum wage increases on employment, and examines the primary reasons why low-wage employers can afford higher wages today.

more:
http://www.raisetheminimumwage.com/pages/job-loss




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