The Minimum Wage, Rent Control, and Vacancies or Who Searches?

This post (Marginal Revolution, May 2022) reports on two studies.

1. One study finds that job vacancies and employment decrease as the minimum wage increases. "The cumulative negative effect of a 10 percent increase in the minimum wage on total vacancies is as large as 4.5 percent a year later." The study also finds that the impact is bigger for jobs that typically employ workers with lower educational attainment (high school or less) and in counties with high rates of poverty, and that employers anticipate the increase in the minimum wage by reducing employment in advance of the increase.
2. The second paper finds that landlords are more selective and charge more extra fees when the government imposes rent controls and that typical ads switch from "Apartments for Rent" to "Apartment Wanted".