20 ms·
None? Are you sure about that?
by saosebastiao 10y ago
None? Are you sure about that?
- michaelmrose 10y agoWhy don't you just provide some.
- saosebastiao 10y agoAlmost all evidence supports negative employment effects of minimum wage increases. A handful of studies do not. It takes a real head-in-the-sand approach to empiricism to claim that there is no evidence to support negative employment effects. http://www.nber.org/papers/w12663 http://www.nber.org/papers/w12663
- fnordsensei 10y agoA more recent meta study (2013) seems to claim otherwise: > The weight of that evidence points to little or no employment response to modest increases in the minimum wage. > The report reviews evidence on eleven possible adjustments to minimum-wage increases that may help to explain why the measured employment effects are so consistently small. The strongest evidence suggests that the most important channels of adjustment are: reductions in labor turnover; improvements in organizational efficiency; reductions in wages of higher earners ("wage compression"); and small price increases. http://cepr.net/documents/publications/min-wage-2013-02.pdf http://cepr.net/documents/publications/min-wage-2013-02.pdf
- saosebastiao 10y agoCall me surprised that a tiny progressive policy think tank would publish something that conveniently ignores all contradicting evidence to find support for the minimum wage. Here is a methodological criticism of the recent evidence that contradicts the existing 100 years of empirical study: http://econweb.tamu.edu/jmeer/Meer_West_MinimumWage_JHR-final.pdf http://econweb.tamu.edu/jmeer/Meer_West_MinimumWage_JHR-fina...
- JoeAltmaier 10y agoThings change. The current labor market is almost unrecognizably different from even 10 years ago. An explosion in automation has changed the landscape.