Just a reminder: There is no good evidence that increasing minimum wages reduces employment rates
There is a theoretical basis but it doesn't happen in practice because ECONOMICS IS MORE COMPLICATED THAN THAT #auspolhttps://twitter.com/TheNewDailyAu/status/1106323206166728704 …
-
-
The problem - as all of these studies note - is that the wage/employment interaction is fiendishly complex and making blanket statements on it is usually unwise
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I think it's a mistake to treat the mean treatment effect as indicative of what happened to the typical person. Effects of a minimum wage are going to be heterogeneous (and probably intensely so). The paper seems to support as much: (1/2)
-
"We observe a large jump in wages and a large drop in employment right as workers turn 18." (p. 23)
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.