Reply To: $15 an Hour Minimum Wage

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#1770820
ubiquitin
Participant

CA

I didnt search for the article but I do remember the discussion. My position was that it is not so simple, leading economists are divided on the issue. thank you for supplying more support for my position, but it really isnt neccesary, Ive read both sides and looked at both side’s data to see that it isnt at all starightforward notr black and white.

The article you quoted shows exactly that ” Both numbers [ie unemployment nationally and at the state level] have remained relatively steady during the past year.” This in spite of the fact that “New York City’s minimum wage has increased three times for employers with at least 11 employees in the past three years. At the end of 2016, the hourly rate rose to $11 from $9 an hour. In 2018, the minimum wage jumped to $13 from $11 an hour.”
So the article YOU cited shows that raising minimal wage does NOT lead to greater unemployment. This of course supports the research of Card and Krueger in their classic 1992 study comparing employment in fast food chains in PA and NJ (ie same geographic location) when NJ raised their minumum wage.

Of course don’t be so confident in your find since as I mentioned there are economists and data that disagree.