3 ms·
1. min-wage raises are so modest and so slowly phased-in (in the US) so to not produce smoking-gun employment drops, and employers prepare in advance for them,
by jongraehl 12y ago
1. min-wage raises are so modest and so slowly phased-in (in the US) so to not produce smoking-gun employment drops, and employers prepare in advance for them, so sloppy underpowered studies don't show any large effect. marginal effects are small and so you need a powerful study.
2. do you want people who receive food stamps etc. and aren't hireable at $8/hr to have any legal on-the-books employment options or not? either way they're getting the food stamps.
3. I personally would rather see more Costcos+Trader Joes than Wal-marts+McDonalds, so i want to believe your 'bad employers winning' unless we force higher pay, but presumably people won't work for bad employers, so i don't see where your forecast is coming from. anyway it seems a little cargo-cult. you can't just start paying $20/hr instead of $8 and suddenly beat Costco.