The downside of higher pay? Fewer hours, fewer jobs, a Twin Cities' minimum wage study says

The latest study on the impact of the minimum wage increases in Minneapolis and St. Paul has found that while they inevitably led to an overall bump in wages, they also allowed for a decline in hours worked and the number of jobs.

In their second series of reports on the topic, researchers at the Federal Reserve Bank of Minneapolis and the University of Minnesota waded through the tricky task of separating out the impact of the minimum wage hikes - on their way to $15 an hour - from the pandemic and the civil unrest after the murder of George Floyd.

When they released their initial findings in November 2021 showing a decrease in restaurant jobs, the researchers set aside some of the 2020 data, noting the unprecedented events of that year could have skewed it. Since then, they've updated their analysis with two more years of data and employed additional strategies to try to isolate the impacts from just the wage increases.

https://www.startribune.com/the-downside-of-higher-pay-fewer-hours-and-jobs-per-a-twin-cities-minimum-wage-study/600274247/