Re:Historical Data of Minimum Wage Increases and Employment ...
by strathmeyer on Sunday June 04, 2017 @02:43PM
(#14482840)
Yes the correlation is lawmakers are more likely to raise the minimum wage when employment levels are high.
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Re:Historical Data of Minimum Wage Increases and Employment ...
by jbuzbee on Sunday June 04, 2017 @02:52PM
(#14482882)
Agreed. In a robust employment market, lawmakers will raise the minimum wage to a level that is still lower than the market rate. The effect is pretty much zilch except for the lowest of the low-level employee. For them, the minimum wage acts as a safety net.