> The workers who do get fired due to financial constraints can now get a job elsewhere for more money.
or they drop away from employment entirely.
or they drop away from employment entirely.
https://bebusinessed.com/history/history-of-minimum-wage/
The big drop goes from June 2008 to October 2009 - which is indeed when we had not one but two increases to federal minimum wage.
However, look at all the other times when we had minimum wages increase - even when employment decreased, there was a pretty quick recovery. I'd argue that 2008 and 2009 minimum wage increases also happened during a recession, and that they were only part of the contribution to the large drop. Am I missing something?