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They're not. But they'll get a lot of working people off food stamps and Medicaid, freeing up welfare resources for people who aren't working.


It will also take more people out of the category of "working people".


Goldman Sachs disagrees. See link above.


The Goldman link says that the overtime rules will add jobs. I agree.

My comment was addressed to the $15 minimum wage, not the 40-hour week. The Goldman link does not address that at all that I could see.

Why will the $15 minimum wage eliminate jobs? Basic supply-and-demand economics. When the price of something goes up, the usage goes down. (Unless you can make labor a Veblen good, where the high price increases demand. But that depends on status signalling. You could think about trying to make that apply to labor, but I think it would be rare to have cases where that worked.)




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