> there's actually little empirical evidence that minimum wages, at least at the level contemplated in the U.S., actually do have an impact on unemployment in the world world, except on part-time work by teenagers.
There are unemployed people today who would like to have a job. Isn't that sufficient empirical evidence?
> No, because lowering the minimum wage, empirically, does not produce new jobs.
But it does. As the minimum wage goes to zero, I could personally create a larger and larger number of jobs.
Lets say a restraunt owner didn't have to pay minimum wage to a cleaner, vs one who had to pay minimum wage. The one who has to pay more might decide that they don't need cleaning as much, and so forego the job offer, while the one who didn't have to pay minimum could offer a really low amount, and someone might take them up on that job.
There are unemployed people today who would like to have a job. Isn't that sufficient empirical evidence?
> No, because lowering the minimum wage, empirically, does not produce new jobs.
But it does. As the minimum wage goes to zero, I could personally create a larger and larger number of jobs.