In yesterday’s post, I made reference to this 2021 article by Jeffrey Clemens (University of California at San Diego), published in the Journal of Economic Perspectives (open access). Clemens puts forward an interesting perspective on the debate about the observed employment impacts of the minimum wage (or lack thereof):…I contend that controversies over the economics of minimum wages…
How employers respond to minimum wage increases
How employers respond to minimum wage increases
15 Feb 2025 Leave a comment
in applied price theory, labour economics, labour supply, minimum wage, unemployment Tags: offsetting behavior, unintended consequences
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