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The argument, very strongly made by minimum wage opponents, was that Seattle's restaurant industry would collapse entirely. Hacker News even ran several storie
by jellicle 8y ago
The argument, very strongly made by minimum wage opponents, was that Seattle's restaurant industry would collapse entirely. Hacker News even ran several stories about the impending collapse.
That... didn't happen, and it's important to hold predictors accountable if we want to make better predictions in the future.
- burfog 8y agoIt was starting to happen (with research published), and then the general nationwide economy started booming. It's easy to hide local problems when the national economy is amazing. If we hit a recession, the low-skill Seattle workers are going to suffer greatly. If you carefully pick the start and end points, you can "prove" a lot of things that just aren't so.