Quote from: peterson33 on August 21, 2015, 06:05:03 PM

Well a blatant diversion and dodge attempt. What a surprise.

Notice I did not ask you to prove that "all studies" should increasing MW increases unemployment. I asked to prove your claim that "most studies" say this, as you claimed.

And that Republican piece from 1995 is the best you can come up with? Again, no surprise.

Quote

The employment effect of the minimum wage is one of the most studied topics in all of economics. This report examines the most recent wave of this research roughly since 2000to determine the best current estimates of the impact of increases in the minimum wage on the employment prospects of low-wage workers. The weight of that evidence points to little or no employment response to modest increases in the minimum wage.
http://www.cepr.net/documents/publications/min-wage-2013-02.pdf

If the minimum wage rises marginally above inflation then of course it won't result in unemployment as rising prices, offset rising wages and therefore it's hard to argue against it. The problem come when you have a hike in the minimum wage, like the proposal to raise the minimum wage to 15 dollars an hour. However there can still be some problems say the economy is in recession, and there's a fall in demand. You have to options, reduce wages or cut jobs. In the UK wages were quite flexible during the great recession and so offset a fall in jobs. In the US unemployment rose to a higher level than in the UK. Reducing wages is probably better than cutting jobs, but if your workers are on a minimum wage then there's no flexibility.