2 ms·
> Not only has this been studied, it's been studied enough that we can do pretty solid meta-studies to find bias is the studies. The cited blog is by the CEPR,
by todd8 10y ago
> Not only has this been studied, it's been studied enough that we can do pretty solid meta-studies to find bias is the studies.
The cited blog is by the CEPR, a leftist/progressive think-tank, this doesn't make their conclusion wrong, however, my reading of the graph present on the blog looks more like there is a negative elasticity, with respect to the demand for labor at higher wages, indicated by the meta-study. The graph looks like it might be as large as -0.1, suggesting that doubling of the minimum wage could have a noticeable negative impact on employment. Not all studies show that happening, but a greater number do.