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I've seen a lot of minimum wage talk recently.
My econ professors argued that the loss jobs and/or inflation counterarguments to raising minimum wage were largely myths.
Here's a real-world case study using Seattle data to back this stance up:
https://www.nber.org/system/files/working_papers/w25182/w25182.pdf?utm_campaign=PANTHEON_STRIPPED&%3Butm_medium=PANTHEON_STRIPPED&%3Butm_source=PANTHEON_STRIPPED
My econ professors argued that the loss jobs and/or inflation counterarguments to raising minimum wage were largely myths.
Here's a real-world case study using Seattle data to back this stance up:
https://www.nber.org/system/files/working_papers/w25182/w25182.pdf?utm_campaign=PANTHEON_STRIPPED&%3Butm_medium=PANTHEON_STRIPPED&%3Butm_source=PANTHEON_STRIPPED
From the CBO: A $15 min wage would create a 5.2% increase in income for families below the poverty line, and a -0.1% decrease in income for families above the poverty line. 1.3 million people would be out of poverty.
Seems reasonable to me.
https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf
Seems reasonable to me.
https://www.cbo.gov/system/files/2019-07/CBO-55410-MinimumWage2019.pdf
And last one... Here's a study on how grocery prices didn't inflate with a higher minimum wage at any point over a two-year study in Seattle: https://www.mdpi.com/1660-4601/16/1/102/htm
