So how do you account for Seattle's experience?
Kudos to new Baltimore mayor @MayorPugh50, who changed her mind about the minimum wage after studying some economicshttps://fee.org/articles/after-studying-basic-economics-mayor-vetoes-minimum-wage-increase/ …
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He can't, it's the dogma he believes in. The whole article is full of "ifs" and "maybes". The truth is no one knows, nor is willing to try.
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Someone should mail her "Economics in One Lesson" by Hazlitt. It doubles as a simple policy guide for all politicos.
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That book is not a good intro to mainstream econ. Very strong slant towards Austrian school, which is not very well regarded today.
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The real data is always the best for making decisions. Past is best predictor of future. Higher minimum wage=layoffs and no jobs for teens.
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