Addicting Info – Does Increasing The Minimum Wage Increase Unemployment? 60 Years Of Data Says ‘No’

“What REALLY happens to the national unemployment rate when we raise the minimum wage?

Sixty five years of data reveals that claims made about the effect of increasing the minimum wage on unemployment have no basis in fact. The best possible argument that opponents of the minimum wage can make is that it has no effect one way or another on unemployment. However, the historical data suggests that increases in the minimum wage may have a positive effect on unemployment, as low wage workers find themselves with more disposable income following a minimum wage hike — money which is largely put right back into the economy.”

via Addicting Info – Does Increasing The Minimum Wage Increase Unemployment? 60 Years Of Data Says ‘No’.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s