Recent study shows increasing minimum wage is associated with increased crime, primarily through its effect on reducing jobs.
“ a $15 Federal minimum wage, proposed as part of the Raise the Wage Act, could generate approximately 309,000 additional larcenies. ”
https://reader.elsevier.com/reader/sd/pii/S0047272722001827?token=D7AF7B867AE0622AF353C47A030F44EDF791662B1A8690D728A1992C4344D78488E9B416843E2DB084DD7DCF21B9A510&originRegion=us-east-1&originCreation=20230218124609
Another study shows increasing minimum wages reduces the number of jobs.
“We find a robust negative relationship between minimum wages and employment.”
No comments:
Post a Comment