nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn , good answer, but I will suggest the jury is still out on how much harm it does... Long term more money in the economy means more money trickles down to the poor, and higher minimum wages for sure does put more money into the economy.
nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn Because minimum wage is well known to cause unemployment shifts towards the poor... Higher minimum wage means hiring shifts so that fewer poor/low-educated people are hired and more higher-education people are hired. Minimum wage effectively increases unemployment amongst the group of people that you are trying to help (the poor) doing more harm than good.
Discussion
nostr:npub1p34kn5su0fzjmsqx7wegqftnd34xr7as808udkxyltcl9zw6jrqqajwdy6
No higher minimum wage does not put more money into the economy. At best it doesnt really effect the market much, at worse it harms it.
nostr:npub1ukcz3c3ek9ugnmrj37cjm2q9gsaqss5j9dqwpqmx0tgkzudsseqqcp40jn