Re:Historical Data of Minimum Wage Increases and Employment ...
by narag on Sunday June 04, 2017 @03:04PM
(#14482951)
No matter the methodology in this report, common sense tells otherwise.
Common sense says that complex systems behave in unexpected ways. Seeing wages only as a market is naive. Wages provide money to be expeded in other markets. Unemployed people tend to look for alternative income sources, legal or otherwise, or move. Poor people get sick, commit crimes that in turn causes more needs in other parts of the system.
Common sense says that complex systems behave in unexpected ways. Seeing wages only as a market is naive. Wages provide money to be expeded in other markets. Unemployed people tend to look for alternative income sources, legal or otherwise, or move. Poor people get sick, commit crimes that in turn causes more needs in other parts of the system.