Bringing Supply and Demand Together

They lose their jobs or are unable to get them in the first place, and suffer a decline in earnings, not a gain.

• They lose their jobs or are unable to get them in the first place, and suffer a decline in earnings, not a gain.
• Those who continue to hold jobs with the same hours and working conditions after the minimum wage is increased gain substantially, and therefore are supporters of efforts to increase the minimum.

The analysis does not “prove” minimum wages are “bad.”

• The analysis does not “prove” minimum wages are “bad.”
• There is an empirical question of how much unemployment is caused by minimum wages.
• Some might believe that the cost of unemployment resulting from a minimum wage is a reasonable price to pay for assuring that those with jobs get a decent wage.