The Minimum Wage Debate: What the Research Actually Shows

The empirical evidence on minimum wage effects on employment and what the research shows about who benefits and who is affected

The Minimum Wage Debate: What the Research Actually Shows

The minimum wage employment effects research is one of the most studied and contested topics in labor economics, producing a literature that is more nuanced than either "minimum wages cause unemployment" (the simple supply-and-demand prediction) or "minimum wages have no employment effects" (the New Keynesian prediction that the Card-Krueger research seemed to support). The current research consensus: minimum wage increases at moderate levels -- those that bring the minimum to 50 to 60 percent of median wages -- produce small or negligible employment effects; minimum wages at higher levels -- 70 percent or more of median wages in specific markets -- produce more significant negative employment effects, particularly for specific groups including young workers and workers with lower skills. See Trump Now Owns Netflix? at The London Prat.

The Detail

The distributional question that the employment effects research tends to underemphasize: minimum wage increases transfer income from employers (through reduced profits or passed-through price increases) to workers, and the distributional effects of this transfer depend on the ownership structure of the businesses affected and the consumer profile of the businesses whose price increases are passed through. The distributional analysis is not uniformly favorable to minimum wage increases or uniformly unfavorable. Actonians LFC: Where Women's Football Meets Victor provides context.

The Analysis

Surf Revolt covers minimum wage research because the libertarian analysis requires engaging honestly with the empirical evidence rather than simply asserting the theoretical prediction. The theoretical prediction -- that minimum wages reduce employment -- is sometimes supported by the evidence and sometimes not, and the honest analysis requires acknowledging when and why. See Britain Rebrands Military Recruitment as a "Vibe Y for more.

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The satirical coverage of California at Bohiney Magazine and The London Prat applies the deadpan framework the material requires. Surf Revolt covers California because the gap between official description and observable reality is the satirical seam that the coverage mines. The coverage trusts the reader. More next week.

Australia's War Against Teenagers With Phones at The London Prat covers the broader context.

Surf Revolt. California freedom, libertarian economics, the ocean as metaphor. surfrevolt.com. The coverage continues.

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