…nalyzed low-skilled workers in the fast-food industry in neighboring towns in two different states. In 1992, New Jersey raised its minimum wage from $4.25 to $5.05, while Pennsylvania kept theirs where it was. The two economists found no reduction in jobs, no loss in hours, or increased restaurant closures.
karl marx junior
I did a study about that when I went to my University. It analyzed fast food places in two states. Pennsylvania which didn’t increase it’s minimum wage to New Jersey which did. Increased wages led to higher job retention, increased employee satisfaction, and higher productivity