We don’t need a good study. We have economics on our side. It’s basic: it will cause inflation. Who will get hurt the worst? Those on the lower end of the economic spectrum
So your argument is that those earning minimum wage shouldn't be given a raise because it will hurt them economically?
But millionaires must be given tax breaks to buttress the economy for everyone... ?
I just think that workers should strive to have the skills that demand decent pay. Mopping a floor, flipping burgers, and serving popcorn at a theater are not jobs that demand skills. They are also not careers.
Someone has to do the jobs that require little skill.
Or they don't get done.
As for your argument that you have economics on your side...please quote your source...
Because this source from 2015 refutes that,...
http://www.pbs.org/newshour/making-sens ... economics/
the minimum wage in the U.S. is well below that of other advanced countries. The Economist estimates that the minimum wage should be about $12 an hour in the U.S based on our GDP. That makes a lot of sense, especially because $10.90 would put it just where it was in 1968. If we add a little extra to the minimum wage for the growth in productivity, $12 seems to be a conservative estimate of where the lower bound of workers’ wages should be. In addition to the 1.3 million people working at minimum wage, there are another 1.7 million working below minimum wage (tipped employees) and an additional 21 million employees who are working just above the minimum, but below $10 an hour. They would also be affected, because their pay is pegged to the minimum wage. So an increase in the minimum wage would affect a third of the labor force being paid an hourly basis.
Those against raising the minimum wage often argue that it will hurt young people the most and that they “need the experience” of working at the minimum wage. But notice that the youth unemployment rate in Germany is 7.8 percent, and in Switzerland, it is 8.5 percent. In contrast, youth unemployment is 15.5 percent in the U.S., even though the U.S.’s minimum wage (using Purchasing Power Parities exchange rates) is below that of these Germany’s and Switzerland’s $10 and $9.20 an hour respectively. In other words, both have higher minimum wages, but much lower youth unemployment rates. Their overall unemployment rate is also lower: 4.5 percent and 3.4 percent, respectively. The minimum wage makes no difference on unemployment.
The US is increasingly a consumer economy. And with protectionist trade policies in the fore, this will only grow as the US starts to be shut out of markets it once dominated. (See affects of APTA on agricultural exports) .
To improve the consumer economy, those at the bottom of the economy, who spend every dollar they get, require more in their pockets.
Without greater demand apparent, investors don't invest. You don't build a factory hoping that a market will grow.. You build a factory when demand is already apparent...