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Normally, I am not too bothered by the downvotes, but this one makes me chuckle. effects of unemployment rate is not a settled matter in economics, and it's hi
by vasilipupkin 12y ago
Normally, I am not too bothered by the downvotes, but this one makes me chuckle. effects of unemployment rate is not a settled matter in economics, and it's highly politicized - with left wing leaning economists publishing all sorts of empirical studies showing no effect or mixed effect and right wing economists doing the opposite. But, clearly, raising minimum wage to $15 in a strong economy like Seattle will have a less adverse effect, if any, than in a weak local economy such as Chicago
- morgante 12y agoThe downvotes are because you didn't make a clear point. Chicago has a high minimum wage and high unemployment, seemingly affirming the economic rule of price floors creating surpluses. So was that your point? Just stating a data point and then offering a generic platitude (things depend on things) isn't making a substantive contribution.