Let's see how long it takes Slashdot's political activist moderators to mark this post as flamebait, or similar.
Increasing cost of labor leads to fewer jobs, in general. Hard to argue basic economics.
However, I suspect that regions with strong economies and tight labor markets would be ok. Job losses would likely impact primarily teens and undocumented immigrants. At least, this is what I see in my neighborhood.
On the flip side, large increases in the minimum wage would devastate regions with weak economies. How could it not? Struggling businesses don't magically increase revenues when cost of labor goes up. If they cannot increase prices they charge to customers, then they have to reduce costs to stay in business. What alternatives do they have? I've seen this first hand in large, urban neighborhoods nearby.
The Congressional Budget Office is one of the only non-political government entities left. Attached is a recent link to CNBC noting the CBO's estimate that a government mandated wage increase to $15 per hour will cost 1.4 million jobs.
Raising minimum wage to $15 would cost 1.4 million jobs, CBO says. Cite: https://www.cnbc.com/2021/02/0....