First, according to the very simple version of the labor market economists teach in introductory economics courses, a minimum wage raises quantity supplied and reduces quantity demanded. The minimum wage, therefore, reduces employment. It's a robust thesis with ample empirical support from (for example) University of California-Irvine economist David Neumark and Texas A&M University economist Jonathan Meer, both of whom are affiliated with the National Bureau of Economic Research.

For the full story, please visit https://www.forbes.com/sites/artcarden/2019/02/15/protip-if-theyre-working-to-get-you-fired-theyre-not-your-friends/#49d2fa222b40.

 

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