The economic evidence for minimum wages increases points to either small shocks to low-wage labor and teenagers or not effect at all.
That something was predicted at all is unsurprising. Economist especially have predicted that minimum wages increases will cause hell to break loose since Milton Friedman. But that’s never actually happened, and, as mentioned before, the evidence is that it doesn’t.
So, what’s the magnitude of the negative consequences? No article has (or at this point, can) determine that. That just leaves conservatives with the rhetorical strategy of hyperbole, often emphasizing particularly damaging instances that aren’t representative of the norm. All y’all got is hot air.
PeepinGoodArgs@reddthat.com 7 months ago
The economic evidence for minimum wages increases points to either small shocks to low-wage labor and teenagers or not effect at all.
That something was predicted at all is unsurprising. Economist especially have predicted that minimum wages increases will cause hell to break loose since Milton Friedman. But that’s never actually happened, and, as mentioned before, the evidence is that it doesn’t.
So, what’s the magnitude of the negative consequences? No article has (or at this point, can) determine that. That just leaves conservatives with the rhetorical strategy of hyperbole, often emphasizing particularly damaging instances that aren’t representative of the norm. All y’all got is hot air.
wintermute_oregon@lemm.ee 7 months ago
Denialism.
PeepinGoodArgs@reddthat.com 7 months ago
Simplistic thinking