Most recent research finds that it has no impact on employment. Even the research that finds job loss shows that the effect is small, suggesting that a 20 percent increase in the minimum wage may reduce employment of young people by around 2 to 3 percent.Attention Dean Baker: the demand for labor is a downward sloping curve. I guess Dean Baker doesn't mind keeping people out of the labor force.
Tuesday, July 24, 2012
HuffPost Linked Economist Doesn't Mind If More Poor Become Unemployed By Raising The Minimum Wage
Economist Dean Baker wants higher unemployment by increasing the minimum wage: