You clearly did not read the paper.
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No, they didn't. 1) It's a "working paper". It is not a final published paper. 2) It only showed what the previous paper did: that the people with the MOST HOURS gained. 3) But most people lost hours.
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This is a real piece of tripe, Boing Boing.
End of conversation
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How did this sentence escape your article?: "significant reduction in the rate of new entries into the workforce."
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EXTRA! EXTRA! All of economics overturned, people buy more of something when the price goes up! Reserve a Nobel Prize for these folks, they deserve it!
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This "story" is full of bull shit.
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Their methodology still stinks and the study still isn’t peer reviewed. It got too much attention a year ago and too much recently.
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