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A comment on Labor shortage or terrible jobs?. Parent comment

Re:Labor shortage or terrible jobs? by treis on Saturday May 01, 2021 @12:15AM (#27003031)
>These business have a model that relies on poverty wages changing the minimum wage will disrupt these businesses greatly and I don't see a problem with that.

Doesn't that just end with bankrupt businesses and unemployed workers?

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Re:Labor shortage or terrible jobs? by ncallaway on Saturday May 01, 2021 @11:31AM (#27007077)
Not really.

Look at empirical studies of past minimum wage increases and you don't often see unemployment increase. The employment rate is often stable through a minimum wage increase.

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