the empirical data around minimum wage and unemployment has to be twisted pretty hard to find an unemployment++ effect.
"Obamacare WILL kill jobs and plunge us into a recession" "Increases in minwage WILL kill 1000s of jobs"
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and these same people (not sure where you stand) get super ornery when ppl point out "wait that didn't happen"
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Austrian school here for the most part. I agree w/you here - but I'm skeptical of most empirical predictions
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you might be the only Austrian school person w/ that attitude.
How do you feel abt Ariely behavioral econ?
End of conversation
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to those who are likely to spend it NOW