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Barry Ritholtz, a Wall Street asset manager, posted links to a set of research papers on minimum wage recently [1]. The first paper in the bunch (co-authored by
by pjmorris 13y ago
Barry Ritholtz, a Wall Street asset manager, posted links to a set of research papers on minimum wage recently [1].
The first paper in the bunch (co-authored by Alan Kreuger who is mentioned in the Economist article) compared employment in fast food restaurants between western New Jersey and eastern Pennsylvania after NJ raised its minimum wage.
Employment grew slightly faster in New Jersey. This appears to contradict the notion that increasing minimum wage reduces employment.
Can you point to empirical research that supports your position?
[1] http://www.ritholtz.com/blog/2014/02/minimum-wage-research-papers/ http://www.ritholtz.com/blog/2014/02/minimum-wage-research-p...
EDIT: Mis-stated paper finding, fixed.