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but I would also be wary about trusting any theory that does not have supporting empirical evidence.


If there's no empirical evidence of any real use in either direction, do you trust the theory that minimum wage causes unemployment, or do you trust the theory that it does not?






In the absence of a direct evidence, Id lean towards the theory that minimum wage does cause unemployment. But my belief would still be largely based on empirical data almost in every other case raising prices results in reduced demand.
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melian
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