Re:The Class of 2017 – Raising America's Pay
by TheCoelacanth on Monday May 08, 2017 @12:31PM
(#14293111)
Then let's assume it's just highly inelastic. If raising the minimum wage causes a small decrease in employment, but the raise is high enough that there is still an increase in the total wages for all workers in the economy, that puts more money in the hands of consumers, which potentially results in companies needing to hire more workers to meet the demand resulting in a overall increase in employment.
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