Really? So, the LAW of supply and demand doesn't apply to labor?
This study, from Seattle, found that workers in the city had the hours cut (businesses had to tighten the belt). The workers made up for it by getting 2nd jobs, OUTSIDE of Seattle. Yea, that's a REAL success.
And there was a decrease in NEW workers... ie: people at the low end of experience.
https://www.nber.org/papers/w25182?utm_campaign=ntw&utm_medium=email&utm_source=ntwg17
And, then... there's this:
https://mises.org/library/yes-minimum-wages-still-increase-unemployment
I'm fine with local communities, even States doing what they want with wages. I don't believe there should be ANY National minimum. The best way to get rid of it is, exactly what we've done: Ignore it, let it become obsolete as wages rise on their own.
With the “Fight for $15” making headlines, opinions abound about whether raising the federal minimum wage will have a positive or negative effect on unemployment rates. Advocates of an increase cite the impossible task of making ends meet on today’s paltry sum of $7.25 an hour and say an increase would have little effect on the overall economy. Those against such a move predict that doing so would cause employers to lay off more and hire less—raising unemployment rates as a result. As is often the case with such emotionally charged issues, especially in an election year, the broader conversation about the minimum wage tends to involve more feeling than historical fact. To balance such a dynamic, we decided to turn to the data to see what it reveals.
Correlation Between Unemployment and the Minimum Wage In the series of charts below, we show the history of the federal minimum wage and unemployment since 1930 with visualizations that indicate whether there seems to be any correlation between the two. In one graph, we adjusted the minimum wage for inflation. As you can see on the scatterplots, there appears to be no correlation when adjusting the minimum wage for inflation, and a very slim to no correlation when inflation is not part of the equation. In fact, there are several periods in which unemployment was at some of its lowest levels while employees also enjoyed highs in adjusted minimum wage rates—including the mid-1940s, the late 1960s and our current era. Adjusting for inflation gives a more accurate depiction of the data, since the cost of living has a significant influence on how far a dollar can be stretched at any given time.