Min wage jobs are in the service industry which will take a hit from people pulling back on discretionary spending. Is it one of those "because people think there might be a recession, they manifest one" things?
Seems like it isn't. The last few years have been really good for the bottom of the income/wealth distribution.
Tbh with the federal deficit at 6-7% of GDP I think it'll be somewhat hard to produce a recession. Eventually companies will figure out the shoe isn't going to drop and start hiring again.
