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No, there isn't. It's as much conjecture as the thesis of the article. You can't say the extent to which or even whether a $15 minimum wage would depress hours
by wahern 7y ago
No, there isn't. It's as much conjecture as the thesis of the article.
You can't say the extent to which or even whether a $15 minimum wage would depress hours or benefits without an analysis of the elasticities of the supply & demand curves at Target. The article makes it sounds like such changes[1] are the inevitable consequence of any hike in wages, which is both not only strictly wrong as a matter of Econ 101 (elasticities matter) but also a notoriously contentious area of debate with substantially[2] conflicting empirical data.
[1] Presuming the characterizations are correct; they're based on 23 anecdotal employee interviews.
[2] That is, there's good, solid, empirical data (not just numbers-pulled-out-of-butt partisan retorts) for both sides. Which isn't all too surprising because, again, elasticities matter and are by their nature context dependent.