7 ms·
For the record, I’m pro raising the minimum wage. I was just stating that it is absolutely true that _some_ jobs will go away. Therefore a WSJ article about a f
by formercoder 7y ago
For the record, I’m pro raising the minimum wage. I was just stating that it is absolutely true that _some_ jobs will go away. Therefore a WSJ article about a few jobs going away in a county where minimum wage was raised should not be news to anyone. I completely agree with you.
It also makes sense to me that restaurant jobs are more elastic than janitors as they are a product of discretionary spending.
- pytester 7y ago>For the record, I’m pro raising the minimum wage. I was just stating that it is absolutely true that _some_ jobs will go away. Yet the study I linked to very much disagreed with this hypothesis of yours. You can cut profits without cutting jobs. In fact, it's very easy in an economy where the ratio of profit : GDP is so high.