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The Study Supporting California's $20 Minimum Wage is Just Politics as Usual

The article from Mises Wire discusses a study supporting California's $20 minimum wage, which was conducted by researchers from UC Berkeley. The study claims that raising the minimum wage to $20 per hour would not lead to significant job losses, a finding that aligns with the political interests of those advocating for higher wages. However, the article critiques this study by highlighting several issues: it uses a methodology that might be biased towards showing no negative employment effects, it overlooks potential negative impacts on small businesses, and it does not adequately consider the broader economic context like automation and offshoring. The critique suggests that the study's conclusions might be more reflective of political motivations rather than rigorous economic analysis, pointing out that such research often serves to support pre-determined policy goals rather than providing an objective economic assessment.

Read the Full Mises Institute Article at:
[ https://mises.org/mises-wire/study-supporting-californias-20-minimum-wage-just-politics-usual ]