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

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 21 Jan 14 12:51 AM | 52 view(s)
Boardmark this board | The Trust Matrix 		Msg. 15119 of 54959
(This msg. is a reply to 15118 by clo)
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that's right.

counter-intuitive, but the evidence seems to point in this direction.

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The above is a reply to the following message:
The Most Rigorous Research Shows Minimum Wage Increases Do Not Reduce Employment
By: clo in ALEA
Mon, 20 Jan 14 11:25 PM 		Msg. 15118 of 54959

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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