Re:Historical Data of Minimum Wage Increases and Employment ...
by jrs95 on Sunday June 04, 2017 @09:45PM
(#14484794)
But how long will that take relative to price increases?
Re:Historical Data of Minimum Wage Increases and Employment ...
by dragonwriter on Sunday June 04, 2017 @09:54PM
(#14484830)
Essentially no time at all. May even be quicker than price level increases, since the upward wage pressure may be felt once the minimum wage increase is set and publicly known, and before it goes into effect, and that leading upward wage pressure may be the first driver of price increases.
No, because they'll see the next highest (after those currently below the minimum) degree of upward pressure on their wages.