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A meta analysis of the field strongly hints at both massive amounts of publication bias and no effect of modest minimum wage increases on employment elasticity.
by monocasa 6y ago
A meta analysis of the field strongly hints at both massive amounts of publication bias and no effect of modest minimum wage increases on employment elasticity.
https://www.jstor.org/stable/2117925 https://www.jstor.org/stable/2117925
- CryptoPunk 6y agoThis study strongly hints at the effect of minimum wage prohibition mostly manifesting as reduced employment growth, instead of increased unemployment, due to the mobility of labor reducing the measurability of the latter: https://web.archive.org/web/20160410035745/http://economics.cornell.edu/sites/default/files/files/events/Meer_West_Minimum_Wage.pdf https://web.archive.org/web/20160410035745/http://economics.... In the absence of definitive evidence either way, it would be prudent to err on the side of basic economic theory, that says mandatory price floors create economic deadweight losses.