EA: The Human Story

[kandrathe]

And raising minimum wage is one of the quickest ways to create inflation.  Catch 22.
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Maybe inflation, but certainly unemployment. If it were done, then it needs to be enacted at a federal level and the minimum (living) wage should be calculated by county and based on the average cost of living (rent, groceries, gasoline), and then assuming the hard working individual is willing to put in at least a 40 hour week.

Evidence indicates that in those places where ordinances enact a living wage, that is does have a positive effect on urban poverty, however it also has a strong negative effect on employment. There are subsequently fewer, higher paying jobs. The result is that the ordinance tends to displace the urban poor, forcing them to seek lower wage jobs outside of oridinanced zone.