3 ms·
some economists seemed to have found otherwise https://www.econtalk.org/jacob-vigdor-on-the-seattle-minimum-wage/ https://www.econtalk.org/jacob-vigdor-on-the-
by nox101 2y ago
some economists seemed to have
found otherwise
https://www.econtalk.org/jacob-vigdor-on-the-seattle-minimum-wage/ https://www.econtalk.org/jacob-vigdor-on-the-seattle-minimum...
> He summarizes those results here arguing that while some workers earned higher wages, some or all of the gains were offset by reductions in hours worked and a reduction in the rate of job creation especially for low-skilled workers
- fzeroracer 2y agoI can only speak to my personal experience living and working in Seattle. Economists for the most part seem divided with no clear consensus either way. There's a lot of different variables and angles you can examine that'll lean towards one way or another so I don't think there'll be one clear answer unfortunately, especially since the burst in inflation over the past few years warps data.
- nox101 2y agothat article is from before the burst in inflation. With the burst in inflation I'd guess the stats are even more in favor that the raise in minimum wages killed even more jobs. I agree that there are different analysis. But, you can't just go by "my personal experience" as in "Seattle seems fine to me therefore nothing bad happened".
- black_13 2y ago[dead]