You can't sit through an econ 101 course in college where the effects of minimum wage aren't thoroughly discussed as being negative.
It's just a fantasy to suggest that it isn't harmful to marginalized workers like minorities.
It's just a fantasy to suggest that it isn't harmful to marginalized workers like minorities.
Econ 100 -- Keeping all other variables the same, if the cost of wages goes up, demand for workers goes down.
Econ 600 -- When wages go up, the other variables do not remain the same, so a useful comparison must analyze the second-order effects to determine the change in aggregate demand for workers.