Submitted 23 hours ago by Artisian@lemmy.world to economics@lemmy.world
https://www.epi.org/blog/most-minimum-wage-studies-have-found-little-or-no-job-loss/
Actual study.
As the title says, we’ve got a growing dataset of minimum wage changes, and now plenty of evidence supporting that unemployment is not a matter of the minimum wage (at least, not for any change people are considering). There are plenty of citing studies that seem to support this, even internationally.
Yes, because only 1.1% make the minimum wave
With this, it really depends on if you’re looking at each state’s minimum wage or just the federal minimum. Like, 0% of people in California work for federal minimum wage, because the state’s minimum wage is higher. It still isn’t a livable wage in the state, though.
Yes, more people make state or local minimum wage, but we don’t have numbers for that. But still, if you raise SF minimum wage a few dollars, it affects few people because the median is $96k (half of SF residents make more than this)
It’s not surprising raising minimum wage doesn’t cause job losses because increasing it by a lot hadn’t been tried
sin_free_for_00_days@sopuli.xyz 23 hours ago
I remember some news article back in the '70s or '80s that came to the same conclusion. It’s kind of irrelevant though. If you don’t get paid enough working to pay for living, then the pay is too low. Livable Wage, you wage-setting mother fuckers.