Does raising the minimum wage reduce the number of low-wage jobs?

No.

"We also find no evidence of disemployment when we consider higher levels of minimum wages."

https://t.co/vlgagEHeyy

Minimum wage increases reduce crime.

https://t.co/1G1clXqF9t
When you increase the minimum wage, you decrease infant mortality among poor families.

https://t.co/iwW1FDsLYG
Increasing the minimum wage improves kids' health.

https://t.co/66DLHERpOJ
The minimum wage reduces racial income inequality.

https://t.co/wkn9Ajotlx
“We find that raising the minimum wage increases earnings growth at the bottom of the distribution, and those effects persist and indeed grow in magnitude over several years.”

https://t.co/bYuxhaieN4
https://t.co/1L8Hh6OqmX
"Overall the most up to date body of research from US, UK and other developed countries points to a very muted effect of minimum wages on employment...Importantly, this was
found to be the case even for the most recent ambitious policies."

https://t.co/SISetZLMMX
"This [meta-analysis] finds no statistically significant aggregate adverse employment effect of the national minimum wage [in the U.K.] and also no publication bias in the minimum wage literature."

https://t.co/Pw3t94wXZd

More from Economy

Interesting thread, but I don't think ecosocialists or degrowthers are arguing that if German socialists had come to power the world would be green by now. Socialism is not automatically green. Eco-socialism is what it says - a green version of socialism - to be tested /1


The historical counterfactual also in not totally convincing. So let's assume Germany and Europe went socialist. The world economy would have evolved exactly the same way it did? 🤔 I doubt it, this is too deterministic. Examples: /2

We do not know if the transition from coal to oil would have taken place when it took place, the way it did. From Timothy Mitchell we know that oil was a fix for capitalism to bypass the labour strikes of coal workers. One would think that socialists would treat workers better /3

We also do not know if socialist governments would strong arm the Middle East the way capitalists did, starting wars to secure cheap oil, and setting up puppet governments. One would want to think that Rosa Luxembourg would not go down that path..../4

We also do not know if they would have continued colonial unequal exchange, extracting raw materials as cheap as possible from the rest of the world. Without cheap oil and cheap materials, it is anyone's guess if GDP and CO2 would be where it is now. /5

You May Also Like