No. The evidence for whether minimum wage laws produce unemployment is inconclusive. The recent studies showed no significant effect.
When I meant "supported through a wide range of lines of evidence" I was referring to the theory in its generality, not necessarily its application to the context at hand. So I meant that the theory of supply and demand on the whole is supported through several lines of evidence, not necessarily its application to the minimum wage issue (where the evidence alone does seem inconclusive). That was the point of the question.
Thanks for raising the issue, and sorry for the confusion I engendered.
So I meant that the theory of supply and demand on the whole is supported through several lines of evidence
The idea that supply and demand are a factor that can change some commercial interactions isn't controversial. Human psychology on the other hand is quite complex. There is good evidence that most humans aren't completely rational utility optimizers.
I recently asked two questions on Quora with similar question structures, and the similarities and differences between the responses were interesting.
Question #1: Anthropogenic global warming, the greenhouse effect, and the historical weather record
I asked the question here. Question statement:
In response to some comments, I added the following question details:
I also posted to Facebook here asking my friends about the pushback to my use of the term "belief" in my question.
Question #2: Effect of increase in the minimum wage on unemployment
I asked the question here. Question statement:
I added the following question details:
I also posted the question to Facebook here.
Similarities between the questions
The questions are structurally similar, and belong to a general question type of considerable interest to the LessWrong audience. The common features to the questions:
Looking for help
I'm interested in thoughts from the people here on these questions: