Saturday, June 10, 2017

Even Minimum Wage proponents find it's equivalent to a recession aimed only at poor people

That was from a tweet by Michael D. Farren, an economist at Mercatus. He had a link to this study The Case for Increasing the Minimum Wage: What does the academic literature tell us? by David Green, a Canadian economist.

"An  increase  to  $15  would  result  in  some  job  losses.  However,  the likely impact is less than a 1 per cent reduction in the overall provincial employment rate, and a 7.6 per cent reduction in the  employment  rate  for  those  currently  making  between  $10.25 and $15 per hour."

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