Increase Min Wage Doesn’t Help

New large well designed study just released. 

1. We find that a 10 percent increase in the minimum wage is associated with a (statistically insignificant) 0.17 percent increase in the probability of longer-run poverty among all persons. [i.e. they find no effect]
2. We find that less than 10 percent of workers who would be affected by a newly proposed $15 federal minimum wage live in poor families. 

https://www.nber.org/papers/w31182

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