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Minimum wages.



Even without minimum wage there is a price point where I'm better off not taking the job and trying to scrape out a living in a more ad hoc way.


Unemployment existed before those; and whether minimum wages increase unemployment should be open to empirical study - anyone got any data?


Empirical study is a tad tricky in a field where experimentation would probably be considered wildly unethical and you wouldn't be able to set up a control anyway.


While presence of controls is admirable, it's still reasonable to simply look at countries that implemented a minimum wage and ask, what happened to the unemployment rate?


At the very least one would note that the effects don't seem to be predictable via the basic supply & demand theories.




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