This happens every single time there's a raise in the minimum wage.
You realize that every time there is a raise in the minimum wage, it kind of happens in the middle of an economic growth period, because they figure, Hell, we can afford to raise the min wage! The **** hits the fan when the growth slows down and/or stops.
Economic studies show that higher minimum wages DO cost jobs. The question is how much less employment do you want to deal with in tradeoff with a greater min wage for those who do get the wage.
Stop spouting the commie BS and come back to reality, che.
Hell, if you hypothesis was correct there should be no problem raising the min wage to $50/hour, right? After all, it would just circulate more money in the economy, right? .
Note, this is VASTLY different than wages rising due to market factors (greater demand for workers by companies leading to payment of higher wages)
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