New study on raising the minimum wage shows what we've been saying all along.https://www.nber.org/system/files/working_papers/w35628/w35628.pdf
well, anon, what does it say?
>>542477445What we've been saying all along
OP is a gay retarded faggot. I ran the study through AI and had it produce a summaryExecutive summaryThe authors investigate whether minimum-wage increases help the people most likely to need them: low-wage workers in poor and low-income families.Their answer is no, based on their estimates. They find that higher minimum wages are associated with:Lower employment retentionFewer hours workedLower monthly earningsThese effects appear across the family income-to-needs distribution. The very poorest workers show some of the largest employment effects, but there is no consistent pattern in which the poorest workers experience the strongest adverse effects across all outcomes.The paper’s most important finding is that even workers who remain employed do not show earnings gains in the preferred estimates. Their hours decline enough to offset the wage gains. This suggests that minimum wages fail as an anti-poverty tool not merely because some poor workers lose jobs, but because the workers who remain employed also do not necessarily earn more overall.
Taiwanese wise man has better idea