But they’ll keep arguing for it anyway.

Via Red Alert Politics:

A study from Harvard examined the effects of minimum wage hikes in California — and it’s sobering news for the #FightFor15 crowd. The study found restaurants are more likely to close when the minimum wage is increased.

In particular, restaurants scoring a 3.5 rating on Yelp are 14 percent more likely to close for each $1 increase in the minimum wage. The study found that the lower the Yelp score, the more impacted restaurants were to the minimum wage increase. Overall, they found a “4 to 10 percent” increase in the likelihood of closure for every $1 increase.

“We find suggestive evidence that a higher minimum wage leads to overall increases in restaurant exit rates – depending on the specification, we find that a $1 increase in the minimum wage leads to approximately a 4 to 10 percent increase in the likelihood of exit,” Dara Lee Luca and Michael Luca wrote in the study.

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