The
point is that this is just capitalism in action and really doesn't have anything to do with minimum wage increases.
https://cepr.net/documents/publicati...ge-2013-02.pdf
That's my go-to source. A lot more available here;
https://www.businessforafairminimumw...cause-job-loss
Basically, it comes down to whether you want to believe the hypotheses of people with an Econ 101 grasp of theory and who thus believe they know EVERYTHING, or if you want to look at
actual data,
actual economies, and see if there's a correlation.
Because there
isn't one. Unemployment doesn't dip when minimum wages rise, not in the long term at least; there's sometimes a short-term blip as business owners fuck around and don't adapt to the wage increase in their business model appropriately.
If minimum wage increases led to unemployment, you'd see a correlation between the two, and there is no such correlation in the data. Some of the lowest unemployment levels have occurred at the points where the minimum wage was the
highest.
That's the thing with hypotheses. You've got to
test them, against data, and if the data doesn't bear them out, you need to
discard them as faulty.