>For those that do lose their jobs, their effect is extremely negative.
Raising the minimum wage does not lead to higher unemployment.
>For those who do not lose their jobs, the fact that they didn't lose their jobs is indicative of more major problems...they either don't understand the value of their labor, or they don't know how to negotiate with their employers
That's paternalistic bullshit. In reality, they can't afford to have a long term time horizon. They usually need a job quickly and cannot afford to hold out for a better one.
Raising the minimum wage does not lead to higher unemployment.
>For those who do not lose their jobs, the fact that they didn't lose their jobs is indicative of more major problems...they either don't understand the value of their labor, or they don't know how to negotiate with their employers
That's paternalistic bullshit. In reality, they can't afford to have a long term time horizon. They usually need a job quickly and cannot afford to hold out for a better one.