David Neumark and Peter Shirley on the minimum wage literature

The effects on employment, of course:

Our key conclusions are as follows: (i) there is a clear preponderance of negative estimates in the literature; (ii) this evidence is stronger for teens and young adults and the less educated; (iii) the evidence from studies of directly affected workers points even more strongly to negative employment effects; and (iv) the evidence from studies of low-wage industries is less one-sided.

Here is the full paper, of course Twitter will try to tell you otherwise.

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