We should raise the minimum wage

Thank you for being respectful I truly appreciate it. As for my opponents first point he claims that the rebuttal for my believing that it hurt young workers was widespread support. I am sorry but widespread support does not equal truth, while raising the minimum wage may be a popular issue, that does not make it economically correct. I presented a study against the minimum wage he said that it had widespread support, the difference is vast. As for his second point, I want to point to the attribution of motive that my opponent gives about me. He says that I am for " a smaller economy and less jobs." To say that is disingenuous would be an understatement. The goal here is to show the better argument, not to hurl accusations at you opponent. However I will now face his point head on, my opponent's referenced article from the EPI makes the fatal error of equating a growing GDP to more jobs. While it is true that on it's face it makes the economy look better, the actual results are catastrophic in the way of jobs. According to Forbes despite a growing GDP in New York, 250,000 jobs were lost. To say that increase in GDP leads to more jobs, is a major folly. As for my opponents last points, I will address both studies with a broad hand. The reason I feel that I can do that with them is that the study by Doucouliagos's purpose is "to replicate and extend C-K"s meta-analysis of the minimum-wage effect employing valid meta-analytic methods that differentiate genuine empirical effects from publication selection bias." When copy the way the study was done, you are sure to get the same results if not similar, unless it is a constantly changing thing. First off Card and Kreuger's study was on fast food chains, not individual companies. When doing the math I had done in my first argument (which I will address again) chains like Walmart survive. Chains are more prepared to take that hit. Second off there is no shortage of studies disagreeing with Kreuger. A study done by Janet Currie and Bruce Fallick found that people in employed in 1979 were less likely to get jobs in 1980. A study done by H.F. Gallasch found that the 1967 minimum wage increase in minimum wage jobs led to a reduction of agricultural employment. David Neumark and William Wascher have done a study that showed " overwhelming evidence of stronger disemployment effects for these groups." I have more that will be provided below. As you can see my opponent has brought forward some very weak evidence to rebut me and he didn't even attempt at rebutting at half of my argument. In the first argument I made, I went through the math of increasing the minimum wage and he just showed studies saying that I was wrong without first showing me how the math I did was wrong. If he has an issue with the math please present me with what I did wrong and I will happily concede on that part of the issue. Let me make a point here of my opponents position. To accept his premise that raising the minimum wage doesn't have any negative impact on the economy, you have to do one of two things. Argue why the law of supply and demand does not apply in this scenario, or show how the law does not apply at all. If you artificially increase the price of a product, in this case your labor, without first shortening the supply of that said product, the demand of that product has to change with the supply. This causes two things, one is unemployment, this is the short term solution for employers who are unable to afford to hire on more, however the eventual long-term effect is inflation. The demand for the product is still there but they have to raise prices to meet that demand meaning that over time the industry as a whole raises prices to match that of wages. This creates the inevitable loop of minimum wage creating inflation then inflation creating the "need" for a higher minimum wage. This has been shown by studies including one by Gerard F. Adams which showed that the minimum wage increase of $1 would increase inflationary pressure from .01% to .02%. While this doesn't seem massive think about it in that it doubled inflationary pressure. There is also the study by Edward M. Gramlich which showed that increasing the minimum wage increases unemployment and inflation. In the end it comes down to this, people are unable to afford the minimum wage, unemployment increases, and inflation rises. This has always been the trend, this will always bee the trend. http://www.nber.org... http://www.forbes.com... http://commonsensepolicyroundtable.com... http://www.forbes.com... http://www.forbes.com... http://www.forbes.com... https://mises.org... https://poseidon01.ssrn.com... https://www.jec.senate.gov... Currie, Janet, and Fallick, Bruce. 1993. A Note on the New Minimum Wage Research. National Bureau of Economic Research Working Paper No. 4348 (April). Gallasch, H.F., Jr. 1975. Minimum Wages and the Farm Labor Market. Southern Economic Journal, vol. 41 (January): 480-491. Neumark, David, and Wascher, William. 1992. Employment Effects of Minimum and Subminimum Wages: Panel Data on State Minimum Wage Laws. Industrial and Labor Relations Review, vol. 46 (October): 55-81. Gramlich, Edward M. 1976. Impact of Minimum Wages on Other Wages, Employment, and Family Incomes. Brookings Papers on Economic Activity (No. 2): 409-461