Raising the minimum wage hurts
![](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5d65faeb-2cdb-4245-a0eb-44edeada4f22_640x366.jpeg)
Minimum wage hurts!
Key Concludions: (i) there is a clear preponderance of negative estimates in the literature; (ii) this evidence is stronger for teens and young adults as well as the less-educated; (iii) the evidence from studies of directly-affected workers points even more strongly to negative employment effects; and (iv) the evidence from studies of low-wage industries is less one-sided.
https://www.nber.org/system/files/working_papers/w28388/w28388.pdf