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...Does this guy actually know any economics? He's pretty much just googling and copy-pasting without any real understanding. Here's a better article

The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research – roughly since 2000 – to determine the best current estimates of the impact of increases in the minimum wage on the employment prospects of low-wage workers. The weight of that evidence points to little or no employment response to modest increases in the minimum wage.

http://cepr.net/documents/publications/min-wage-2013-02.pdf



"But, probably the most important channel of adjustment is through reductions in labor turnover, which yield significant cost savings to employers."

If this is the case, you'd think employers would have an incentive to raise wages on their own without requiring a law.


Some do, like Costco paying cashiers well over minimum wage to improve service and turnover.




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