Meta Analysis: Raising the Minimum Wage Has Zero Disemployment Effect

minimum wage effects

Hristos Doucouliagos and T. D. Stanley (2009) conducted a meta-study of 64 minimum-wage studies published between 1972 and 2007 measuring the impact of minimum wages on teenage employment in the United States. When they graphed every employment estimate contained in these studies (over 1,000 in total), weighing each estimate by its statistical precision, they found that the most precise estimates were heavily clustered at or near zero employment effects.

So, there you have it: A clear picture of the hunt for job-loss effects clumping around zero.  That doesn’t mean no one ever loses a job or faces hours’ cutbacks when the minimum wage goes up.  But it does mean that the policy has its intended effect of raising the pay of its target population without the unintended consequences relentlessly touted by opponents.

read the entire article by Michelle A.M. Brown @  MSNBC:

http://tv.msnbc.com/2013/02/25/minimum-wage-meta-analysis-evidence-over-theory/

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