Give money to people who will spend it -> improve economy. Yep. https://twitter.com/7im/status/804439218567057408 …
fwiw I quite like macro models, but the ones that model minimumwage++ -> unemployment++ are pretty unpersuasive.
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the nice thing about macro models is that you can test them against intuition about how people really behave.
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I don't understand the 95% point-- aren't most economists against the minimum wage?
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the 95% point was saying don't make claims about empirical effects unless they're uncontroversial.
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http://www.epi.org/minimum-wage-statement/ … certainly plenty of economists don't agree
End of conversation
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