02-27-2014, 01:22 AM
No serious economist denies that increasing the minimum wage will cost jobs...
http://www.igmchicago.org/igm-economic-e...q5a9E77NMV
The empirical evidence now pretty decisively shows no employment effect...
I'm aware that some fairly clean natural experiments have not found effects...
I know the Econ 101 answer but the evidence suggests the effect on employment is between small and 0...
The evidence is pretty clear that employment effects are small and benefits to workers are first order...