# Economics-minimum wage **URL:** \ **Category:** Great Debates\ **Created:** [October 16, 2011, 12:40am UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788 "2011-10-16T00:40:48Z")\ **Posts on this page:** 6\ **Page:** 6
**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\ **Post date:** [October 25, 2011, 5:43pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/101 "2011-10-25T17:43:20Z")
> [@Damuri\_Ajashi](#): > > Have the laws of economics changed since the 1990’s? Where are they wrong? It ain’t about the laws of economics. It’s simply not a credible source. It’s explicitly pro-min-wage, suggests that it has no downsides whatsoever, and aggressively promotes in in any way convenient. Pretty common for political position papers any every stripe. And it doesn’t even touch the “laws” of economics at all, and much fo the evidence listed is simply flat assertion. My point is this: if you favor the minimum wage, you should be able to find credible studies which strongly supports it. Heck, I can (and have) done that _myself_. ---
**Author:** ![Damuri\_Ajashi](https://avatars.discourse-cdn.com/v4/letter/d/898d66/32.png) [@Damuri\_Ajashi](https://boards.straightdope.com/u/Damuri_Ajashi)\ **Post date:** [October 25, 2011, 9:15pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/102 "2011-10-25T21:15:37Z")
> [@smiling\_bandit](#): > > It ain’t about the laws of economics. It’s simply not a credible source. It’s explicitly pro-min-wage, suggests that it has no downsides whatsoever, and aggressively promotes in in any way convenient. Pretty common for political position papers any every stripe. And it doesn’t even touch the “laws” of economics at all, and much fo the evidence listed is simply flat assertion. > > My point is this: if you favor the minimum wage, you should be able to find credible studies which strongly supports it. Heck, I can (and have) done that _myself_. You’ve found credible studies that strongly condemn the minimum wage? The most famous study in recent history says the exact opposite. There are minimal if any negative impact from the minimum wage (at least at the sort of minimum wage levels we are talking about) and significant positive impacts. ---
**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\ **Post date:** [October 25, 2011, 10:24pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/103 "2011-10-25T22:24:14Z")
And that study would be? (hint hint) C’mon, I’m arguing better than you for your own favored policy! ---
**Author:** ![Damuri\_Ajashi](https://avatars.discourse-cdn.com/v4/letter/d/898d66/32.png) [@Damuri\_Ajashi](https://boards.straightdope.com/u/Damuri_Ajashi)\ **Post date:** [October 26, 2011, 2:01pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/104 "2011-10-26T14:01:15Z")
You first, then I’ll mention Card Krueger. ---
**Author:** ![smiling\_bandit](https://avatars.discourse-cdn.com/v4/letter/s/e9a140/32.png) [@smiling\_bandit](https://boards.straightdope.com/u/smiling_bandit)\ **Post date:** [October 26, 2011, 2:47pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/105 "2011-10-26T14:47:08Z")
> [@Damuri\_Ajashi](#): > > You first, then I’ll mention Card Krueger. You may have noticed that I already did. And discussed its failings. And pointed to other studies. ---
**Author:** ![Schyler](https://avatars.discourse-cdn.com/v4/letter/s/45deac/32.png) [@Schyler](https://boards.straightdope.com/u/Schyler)\ **Post date:** [January 27, 2012, 6:24pm UTC](https://boards.straightdope.com/t/economics-minimum-wage/599788/106 "2012-01-27T18:24:32Z")
I completely agree with the post about how companies keep wages low so they can make “more” profit. I recently retired from a company because 1. the company kept adding hours to our “hours of operation” without adding hours to the payroll, and because 2. A lot of Gen X younger employee candidates think they need to make a million a year the day they graduate from high school so “won’t work” “go on unemployment”, and I was salaried so I just “made up the difference” in the workload. When I finally got enough/or quality employees, those previously unused budgeted hours were just “gone”. What a crock! [Previous page](https://boards.straightdope.com/t/economics-minimum-wage/599788.md?page=5)