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Re:Seattle’s minimum-wage increase made the most vulnerable ... by dalbasal on Tuesday June 27, 2017 @11:28AM (#14646267)
This is one of those topics that really shows economics being the "dismal science."

The "economics 101" ideas applied to price floors (which ie what a minimum wage is) predicts lower volume (fewer jobs/hours). It doesn't predict how much, so it still might be worth having a minimum depending on the demand curve (which is never really known). OTOH, even the biggest proponents of minimum wage would admit that at some level minimum wage makes things worse. Most would agree that a $1,000 minimum wage would cause unemployment. Still, there's no real way of determining the "correct" amount, and even proponents seldom come up with a figure.

Anyway, being the dismal science economists just don't have any good way of settling this. This isn't the first study on the topic. If you look at it from a meta-research perspective, it looks like a null result with findings on both sides.

Re:Seattle’s minimum-wage increase made the most vulnerable ... by anonacct37 on Tuesday June 27, 2017 @11:40AM (#14646413)
Some quick clarification. In the US we don't have to rely as much on guess work. We have data on based on 20 years of $9-$10/hr minimum wage (in inflation adjusted dollars).

https://en.wikipedia.org/wiki/Minimum_wage_in_the_United_Sta...

Re:Seattle’s minimum-wage increase made the most vulnerable ... by dalbasal on Tuesday June 27, 2017 @12:45PM (#14646963)
A little further down the same article is "economic effects" where they cite some studies relating to this data. Results & interpretations fall on both sides of the equation. Whatever the effect of minimum wage is, we don't know from empirical research.