I’m open to changing my mind, but you need proof rather than just saying that I’m incorrect. I have yet to see compelling evidence that raising minimum wage makes any difference at all in the long term. A lot of studies have been made to prove that it doesn’t cause job loss but none that prove that it changes the levels of inequality or pulls people out of poverty in real economic terms.
I’m open to changing my mind, but you need proof rather than just saying that I’m incorrect. I have yet to see compelling evidence that raising minimum wage makes any difference at all in the long term. A lot of studies have been made to prove that it doesn’t cause job loss but none that prove that it changes the levels of inequality or pulls people out of poverty in real economic terms.
Proof: It’s literally what the Mexican government did in 2018-2024. Lifted millions of people out of poverty even as the economy mostly remained the same and/or shrunk. See: https://apnews.com/article/poverty-mexico-president-andres-manuel-lopez-obrador-social-welfare-c7ec7f184ce8163e84fffa1b9f47aed8