This graph supposedly shows that increasing minimum wage doesn’t, on average, lead to people losing their jobs. Luckily, most good conservatives don’t trust fancy voodoo statistics like these.
Of course economists have been studying the relationship between minimum wage and employment for a very long time. Recently, economist John Schmitt pulled together a “meta-analysis” where he collected data from a huge number of different studies, and was very careful to use only the best data and make the most careful comparisons, in order to measure the actual impact of minimum wage increases specifically on young employees across the country.
Although some studies shows a small positive influence on employment and some studies showed a small negative influence, the overall result was a very dramatic NO EFFECT. Specifically, it appears that increases in minimum wage do not actually have a measurable impact on the level of employment.
In other words, when minimum wage increases, this study suggests that, on average, people do not get fired: they simply get paid more.
THIS IS WHY CONSERVATIVES KNOW NOT TO TRUST DATA!!
This result is in obvious contradiction to conservative values, which state very clearly that increasing minimum wage destroys all business and leads to socialism.
In fact, John Boehner himself recently said, “When you raise the price of employment, guess what happens? You get less of it!”
And who needs to consult loads and loads of actual measurable data, when you can just listen to John Boehner instead?
Clearly, studies and graphs like this are just sources of liberal bias!!!