RGacky3
DP Veteran
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Yes, show me the peer reviewed study that shows beyond a shadow of a doubt that higher minimum wages do not lead to fewer entry level jobs or price increases. I've seen a study out of Canada that showed minimum wages up to 45% of median wages don't have any affect on the market whatsoever, but that disastrous things happen in the next 5% over that. Show me yours and I'll show you mine.
A minimum wage is a market interference.
Yeah, and aparently you don't have a fundemental problem With market interference, since you're ok With the government interfering against private contracts between unions and Companies.
Heres a study about the effect of a minimum wage increase on the fast Food industry for example.
http://davidcard.berkeley.edu/papers/njmin-aer.pdf
more empirical evidence,
https://sites.udel.edu/saul-hoffman/files/2014/09/MinWagePaper_HoffmanShum-1tk11h0.pdf
From the study
We find that in states where the minimum wage was increased over the 2011-2014 time period employment of young workers and less-educated adults was not adversely affected. All three kinds of difference comparisons—to comparable workers in states where the minimum wage was not increased, to unaffected workers in their own states, and a hybrid of both comparisons—yield this result. Our findings are yet another contribution to the recent literature that finds no negative impact of modestly higher minimum wages on employment. One interesting feature of our results is that many of the states that are in the treatment group in this analysis were in the control group in the analysis of the effect of the 2009 increase in the Federal minimum wage by Hoffman (2014b), which found no negative effects of the increase. If, for instance, those findings were biased because labor markets in the control states performed more poorly, then that might plausibly cause the treatment effects to be too negative in our analysis. In this sense, the consistency of the results across a very substantial change in the composition of the treatment and control groups is reassuring.
There are plenty more.
But a business can't hire someone in a closed shop that's not artificially expensive.
I think I see the real problem here. You don't believe in the concept of ownership. You aren't going to get libertarian philosophy with that mindset.
uit isn't artificial, becuase it's done in the free market, With free market contracts, when workers get together to make a deal it's no more artifical then when a Company buys out smaller Companies and then has more bargaining Power.
I get the concept of ownership, and ownership does not mean you always get to have more bargaining Power than non owners.