tag:blogger.com,1999:blog-11679714.post6436526081195867244..comments2024-03-29T06:46:56.337-04:00Comments on Half an Hour: Foreign Workers and Employment in New BrunswickStephen Downeshttp://www.blogger.com/profile/06140591903467372209noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11679714.post-84488930447431999172014-05-16T18:52:50.931-04:002014-05-16T18:52:50.931-04:00The increase of a minimum wage has an immediate sh...The increase of a minimum wage has an immediate short-term result in a lowering of employment (3 percent fewer jobs for a 10 percent increase in wages). It was a wider and more long-term benefit to the economy.<br />Stephen Downeshttps://www.blogger.com/profile/06140591903467372209noreply@blogger.comtag:blogger.com,1999:blog-11679714.post-79876546963107371042014-05-16T18:18:29.223-04:002014-05-16T18:18:29.223-04:00Economists have been studying the effect of minimu...Economists have been studying the effect of minimum wage... Might I suggest you have a look?<br /><br />http://onlinelibrary.wiley.com/doi/10.1093/ei/40.3.315/full<br /><br />http://jhr.uwpress.org/content/XL/4/867.short<br /><br />http://ideas.repec.org/p/fip/fedhwp/wp-03-17.html<br /><br />http://www.econstor.eu/handle/10419/34946<br /><br />It is a complicated topic and I do not think handwaving arguments are likely to pan out. What is clear however is that higher minimum wages do low employment. This is a robust result. Whether it makes people better off or not on the whole is less clear.Daniel Lemirehttps://www.blogger.com/profile/01566622051558391310noreply@blogger.com