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FYI, raising the minimum wage is not an unprecedented event. We have data that shows how it correlates with unemployment: https://aneconomicsense.files.wordpr
by steego 11y ago
FYI, raising the minimum wage is not an unprecedented event. We have data that shows how it correlates with unemployment:
https://aneconomicsense.files.wordpress.com/2013/03/minimum-wage-vs-ratio-of-unemployment-rates-1950-jan-2013.png?w=584&h=401 https://aneconomicsense.files.wordpress.com/2013/03/minimum-...
- belovedeagle 11y agoThat data does no such thing - did you even read the axis labels?
- steego 11y agoYou're right, I meant to post this: https://aneconomicsense.files.wordpress.com/2013/03/minimum-wage-vs-unemployment-rates-1950-jan-2013.png https://aneconomicsense.files.wordpress.com/2013/03/minimum-... Also, I don't mean to imply that these events correlate. I was simply saying we have data that shows how these two things correlate. (There is no strong correlation between the two) https://aneconomicsense.org/2013/03/06/the-impact-of-increasing-the-minimum-wage-on-unemployment-no-evidence-of-it/ https://aneconomicsense.org/2013/03/06/the-impact-of-increas...