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Adams, Blackburn, and Cotti (ABC) found that increases in minimum wages were positively related to drunk driving–related traffic fatalities for those ages 16 to 20. The hypothesized mechanism for this relationship — increased alcohol consumption caused by minimum wage-induced income gains...
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Adams, Blackburn, and Cotti (ABC) found that increases in minimum wages were positively related to drunk driving-related traffic fatalities for those ages 16 to 20. The hypothesized mechanism for this relationship - increased alcohol consumption caused by minimum wage - induced income gains -...
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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
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