5 ms·
Minimum wages.
by radu_floricica 17y ago
Minimum wages.
- gort 17y agoUnemployment existed before those; and whether minimum wages increase unemployment should be open to empirical study - anyone got any data?
- gloob 17y agoEmpirical study is a tad tricky in a field where experimentation would probably be considered wildly unethical and you wouldn't be able to set up a control anyway.
- gort 17y agoWhile presence of controls is admirable, it's still reasonable to simply look at countries that implemented a minimum wage and ask, what happened to the unemployment rate?
- netsp 17y agoAt the very least one would note that the effects don't seem to be predictable via the basic supply & demand theories.
- dagw 17y agoEven without minimum wage there is a price point where I'm better off not taking the job and trying to scrape out a living in a more ad hoc way.