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bobwyman's profile
Bob Wyman for Congress (NY CD-10)
Bob Wyman for Congress (NY CD-10)
Bob Wyman for Congress (NY CD-10)
@bobwyman

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Bob Wyman for Congress (NY CD-10)

@bobwyman

See: http://linkedin.com/in/bobwyman/  Note: Following me does NOT constitute an endorsement of my candidacy.

NYC
Joined March 2008

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    1. Paul Krugman‏Verified account @paulkrugman 30 Dec 2018

      Some thoughts inspired by this @ritholtz article on Seattle's minimum wage, which was loudly declared a job destroyer -- but wasn't 1/https://www.bloomberg.com/opinion/articles/2018-10-24/what-minimum-wage-foes-got-wrong-about-seattle …

      70 replies 1,354 retweets 2,300 likes
      Show this thread
    2. Paul Krugman‏Verified account @paulkrugman 30 Dec 2018

      As Ritholtz says, the reality is now clear: there has been no visible hit to employment in the restaurant sector, where you'd expect to see one if anywhere 2/pic.twitter.com/H5BzHXUw3K

      7 replies 147 retweets 549 likes
      Show this thread
    3. Paul Krugman‏Verified account @paulkrugman 30 Dec 2018

      Furthermore, this is no surprise: at this point there's a large body of research on the effects of minimum wage hikes, which shows little if any employment effect in the U.S. context. This literature is very solid, because state actions provide natural experiments 3/

      11 replies 158 retweets 598 likes
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    4. Paul Krugman‏Verified account @paulkrugman 30 Dec 2018

      But there's steady drizzle of claims that minimum wage hikes do too kill jobs -- a sort of minimum-wage skeptic literature -- that continues no matter how strong the evidence gets. And the usual suspects predict disaster every time a hike is proposed 4/

      15 replies 106 retweets 472 likes
      Show this thread
    5. Paul Krugman‏Verified account @paulkrugman 30 Dec 2018

      Why can't this issue seem to get settled? Because there are powerful, wealthy interests who don't want to accept what the evidence says. 5/

      12 replies 137 retweets 688 likes
      Show this thread
      Bob Wyman for Congress (NY CD-10)‏ @bobwyman 30 Dec 2018
      Replying to @paulkrugman

      The problem is "Econ 101ism." People are taught in Econ 101 that increased prices reduce demand. Then, they never take the later courses, which add much nuance to what is taught in introductory lessons.

      10:37 AM - 30 Dec 2018
      • 2 Likes
      • Emily Care 🏳️‍🌈 - #CloseTheCamps #AbolishICE TS
      1 reply 0 retweets 2 likes
        1. on the house‏ @SeeYouAroundKid 31 Dec 2018
          Replying to @bobwyman @paulkrugman

          It doesnt take a lot of nuance to learn that income also affects demand.

          0 replies 0 retweets 0 likes
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