4 ms·
You can download and read the actual paper here: https://www.nber.org/system/files/working_papers/w29425/w29425.pdf https://www.nber.org/system/files/working_p
by cs702 5y ago
You can download and read the actual paper here:
https://www.nber.org/system/files/working_papers/w29425/w29425.pdf https://www.nber.org/system/files/working_papers/w29425/w294...
The researchers collected data from millions of job ads and employee surveys to estimate the spillover effects of Amazon's minimum wage increase to $15/hour, back in October 2018, (a) on other retailers with a physical presence in the same commuting zone, including Walmart, Target, CVS, and Costco, and (b) on the zone's unemployment rate.
The main findings are that (1) retailers with a physical presence in the same commuting zone significantly increased their minimum wages, following Amazon's lead; (2) the zone experienced only a very small but quantifiable increase in unemployment; and (3) the authors cannot explain the direction and magnitude of these changes as a function of standard competitive pressures.