This isn't necessarily true. The best supporting case for this argument comes from a study by Card and Krueger studying Pennsylvania, but one explanation for why employment didn't decrease was that the legislation set the wage at what the market basically would have been anyway.
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Another argument was that this was unique to the restaurant industry, which was studied. One study described minimum wage impacts causing unemployment in trade jobs specifically by minimum wage increases, and the CBO likewise found that minimum wage increases cause unemployment.
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Not exactly. Business will react by raising prices, automating or shutting down. Some of the cost of the minimum wage will be taken out of profits but not all of it.
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