One article's conclusion on one situation doesn't make anything true or false.
From what I have read, its clear that the theory is that an increase in MW should decrease employment. What really happens? There seems to be very, very little information. Economists seem to say that there's no proof that MW increases unemployment yet. They are salivating waiting for data -- and the latest round of significant increase may provide it. Seattle's experiment, and a few others, are a rare chance to see MW increase in an almost controlled experiment. [/quote]
No. My position is that the market sets wages better than you would, and results in better results for the poor than your planned 'camp counselor' economy would.
Deprive urban kids of employment, because you think it helps others. Maybe they want to do both. You deprive them of the choice.
Perfect summation. You would deprive kids of work opportunities to support the wages of skilled labor. That is of course why unions support MW. F--- the poor. Give our members more money.
Brutal, cold, calculating self-serving evil.
But this tit-a-tat is getting long in the tooth.
Summary: All economic theory says MW increases harm employment. Unions have brilliantly played on pity-liberal feelings by selectively using stats that show only 'modest harm' to working poor youth. New labor market entrants by ever theory taught will suffer needlessly.
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