Archived 'Boosting the economy from the bottom up': Why minimum wage hikes are a good thing (cbc.ca)
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Archived on: 9/4/2017 10:00:00 AM
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Archived 'Boosting the economy from the bottom up': Why minimum wage hikes are a good thing (cbc.ca)
submitted ago by shorternet
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[–] derram ago
https://archive.is/xkq9Q | :
'And "those declines were likely driven by factors other than the higher minimum wage," the report found. '
'But suggesting that wage hikes will be bad across the board is based on "a more simplistic understanding of economics," Lathrop said. '
'Minimum wage hikes initially tend to disproportionately impact retail and restaurant workers. '
'During the 71-year period studied, an increase in the federal minimum wage led to job losses only eight times. '
'There's "no correlation between federal minimum wage increases and lower employment levels," the paper says. '
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