system
Given the following post, respond as if you're commenting on Reddit:
human
Could anyone explain why raising minimum wage does not increase unemployment in layman terms sans studies and math?
gpt
If you want no studies, no math, no nothing, not even the faq, ELI2 -- it boils down to: "Employers often have a bit of an edge over workers that allows them to pay a little bit less than you'd expect given the amount of value those workers generate. If you force them to raise wages a little, but not too much, they lose some of that edge over their workers, but nothing too catastrophic overall happens to the companies. On average they tend to just eat the loss and move on."