Just a reminder: There is no good evidence that increasing minimum wages reduces employment rates
There is a theoretical basis but it doesn't happen in practice because ECONOMICS IS MORE COMPLICATED THAN THAT #auspolhttps://twitter.com/TheNewDailyAu/status/1106323206166728704 …
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Some research on the topic: no noticeable impact of minimum wage on employment in Germany after it was introduced https://journals.sagepub.com/doi/abs/10.1177/0959680117718661 …pic.twitter.com/2d2OfjagUt
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Another European study: minimum wages can have a negative effect on employment rates, but they can also have a positive impact https://onlinelibrary.wiley.com/doi/abs/10.1111/geer.12135 …pic.twitter.com/Q6T4rwpUDe
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Some Australia evidence: wage increases entirely passed on to workers, no impact on hours worked or employment https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-06.pdf …pic.twitter.com/5ARPB4WqlR
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A counterfactual from Denmark: minimum wages that only kick in at 18yo are associated with a reduction in hours worked This could also be seen as good, because while people work a bit less their income does not decrease https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3255446 …pic.twitter.com/Hevq7Xdwog
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The problem - as all of these studies note - is that the wage/employment interaction is fiendishly complex and making blanket statements on it is usually unwise
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