this post was submitted on 20 Apr 2024
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[–] grte@lemmy.ca 11 points 6 months ago* (last edited 6 months ago) (1 children)

https://news.berkeley.edu/2023/03/14/even-in-small-businesses-minimum-wage-hikes-dont-cause-job-losses-study-finds

In fact, minimum wage earners tend to put a greater portion of their earnings back into the local economy vs. savings and increases help or at least don't impact particularly negatively small business. Neoclassical economics is a joke.