Economics, Econometrics and Finance
8 years ago

Minimum wage hike boosts skilled and unskilled employment in new study.

Economics bulletin
A Comment on "The consequences of the minimum wage when other wages are bargained over"
Jürgen Wiemers

Paper Summary

The study found that raising the minimum wage can increase both skilled and unskilled employment in certain wage bargaining situations. However, this outcome relies on an unrealistic assumption about what skilled workers would earn otherwise.

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