Empirical estimates of the short-run employment affects of minimum wage increases

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Empirical estimates suggest that the short-run employment effects of minimum wage increases are very low. This is partly because employers take time to adjust to changes in the minimum wage. Studies have shown that the negative employment effects of minimum wage increases tend to be small and concentrated among certain groups (such as teenagers and low-skilled workers), but they are not as significant as some critics of minimum wage increases claim.

Empirical Estimates of the Short-Run Employment Affects of Minimum Wage