why some economists oppose minimum wages

In theory it seems a bad move. But in practice moderate increases seem to work quite well.

And it’s good politics for left leaning governments.

The Economist explains

Protesters calling for higher wages for fast-food workers stand outside a McDonald's restaurant in Oakland, California December 5, 2013. The group, which numbered about 200, shut down the store for more than half an hour as part of a daylong nationwide strike demanding a $15 dollar minimum wage.  REUTERS/Noah Berger  (UNITED STATES - Tags: BUSINESS CIVIL UNREST FOOD) - RTX165IS :rel:d:bm:GF2E9C51PJK01
Protesters calling for higher wages for fast-food workers stand outside a McDonald’s restaurant in Oakland, California December 5, 2013. The group, which numbered about 200, shut down the store for more than half an hour as part of a daylong nationwide strike demanding a $15 dollar minimum wage. REUTERS/Noah Berger 
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Rick Mc

Career gymnastics coach who loves the outdoors, and the internet.

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