3 ms·
A 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 m
by fnordsensei 10y ago
A 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...