4 ms·
>simply reject any evidence The 1994 Card & Krueger study that the journalist cited was based on phone surveys of fast food managers. A followup 2006 study b
by jasode 9y ago
>simply reject any evidence
The 1994 Card & Krueger study that the journalist cited was based on phone surveys of fast food managers.
A followup 2006 study by Neumark & Wascher[1] re-examined the C&K study using actual payroll records instead of surveys and it concluded that C&K got the conclusion backwards. Payroll records showed that employment did indeed go down which matches econ101.
(Of course, someone else can look at the Neumark & Wascher study to see if they had flaws in analyzing the data so that this debate can continue without any resolution.)
[1] http://www.nber.org/papers/w12663.pdf http://www.nber.org/papers/w12663.pdf