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 Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says

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Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says Vide
PostSubject: Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says   Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says Icon_minitimeWed May 16, 2018 8:30 pm
Increases in the minimum wage have not resulted in any job losses or fewer hours of work, research published by the Reserve Bank of Australia has found, in a set of unprecedented findings that is likely to kick-off another round of brawling between the Turnbull government and Labor.

Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says C46f821164603212473a7c401b957f5d6cb15966

The paper, published by the central bank's economic research department on the final day the Fair Work Commission hearings had to decide if 2.3 million Australians will get a pay rise in July, found "no evidence that small, incremental increases in award wages had an adverse effect on hours worked or the job destruction rate".

It used a sample of 32,000 jobs between 1998 and 2008, when award wages were increased by a flat dollar amount each year, to find jobs with larger award wage rises had larger increases in hours worked than jobs experiencing a smaller award wage rise.

https://www.smh.com.au/politics/federal/minimum-wage-rises-don-t-cost-jobs-or-work-hours-rba-research-says-20180516-p4zfoe.html
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Voodoo Economics: Minimum wage rises don't cost jobs or work hours, OZschwitz central bank says

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