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wycats's profile
Yehuda Katz 🥨
Yehuda Katz 🥨
Yehuda Katz  🥨
Verified account
@wycats

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Yehuda Katz  🥨Verified account

@wycats

Tilde Co-Founder, OSS enthusiast and world traveler.

Portland, OR
yehudakatz.com
Joined August 2007

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    1. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @wycats @samselikoff

      the empirical data around minimum wage and unemployment has to be twisted pretty hard to find an unemployment++ effect.

      1 reply 0 retweets 0 likes
    2. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @wycats @samselikoff

      fwiw I quite like macro models, but the ones that model minimumwage++ -> unemployment++ are pretty unpersuasive.

      1 reply 0 retweets 0 likes
    3. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @wycats @samselikoff

      the nice thing about macro models is that you can test them against intuition about how people really behave.

      1 reply 0 retweets 0 likes
    4. Sam Selikoff‏ @samselikoff 4 Dec 2016
      Replying to @wycats

      I don't understand the 95% point-- aren't most economists against the minimum wage?

      2 replies 0 retweets 0 likes
    5. Sam Selikoff‏ @samselikoff 4 Dec 2016
      Replying to @samselikoff @wycats

      re: intuition, demand curves generally slope down, so burden of proof seems to be on the other side. A $200/hr mw would def hurt.

      2 replies 0 retweets 1 like
    6. Mike North  🤯‏ @michaellnorth 4 Dec 2016
      Replying to @samselikoff @wycats

      believe the argument is based on increase of velocity of money, and giving 💰 to those who are likely to spend it NOW

      1 reply 0 retweets 1 like
    7. Sam Selikoff‏ @samselikoff 4 Dec 2016
      Replying to @michaellnorth @wycats

      yah, the question is whether this beats the opportunity cost. Some think it does, others don't

      1 reply 0 retweets 0 likes
    8. Sam Selikoff‏ @samselikoff 4 Dec 2016
      Replying to @samselikoff @michaellnorth @wycats

      but ultimately what bothers me here is pretending Seattle was an "experiment", akin to a laboratory test

      1 reply 0 retweets 1 like
    9. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @samselikoff @michaellnorth

      every time it's tried, people predict major problems, and nothing happens, it's worth reporting on.

      1 reply 0 retweets 0 likes
    10. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @wycats @samselikoff @michaellnorth

      the thing that bothers ME about Chicago School economics is a willingness to stridently make claims.

      1 reply 0 retweets 0 likes
      Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
      Replying to @wycats @samselikoff @michaellnorth

      "Obamacare WILL kill jobs and plunge us into a recession" "Increases in minwage WILL kill 1000s of jobs"

      2:57 PM - 4 Dec 2016
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
          Replying to @wycats @samselikoff @michaellnorth

          and these same people (not sure where you stand) get super ornery when ppl point out "wait that didn't happen"

          1 reply 0 retweets 0 likes
        3. Sam Selikoff‏ @samselikoff 4 Dec 2016
          Replying to @wycats @michaellnorth

          Austrian school here for the most part. I agree w/you here - but I'm skeptical of most empirical predictions

          2 replies 0 retweets 1 like
        4. Yehuda Katz  🥨‏Verified account @wycats 4 Dec 2016
          Replying to @samselikoff @michaellnorth

          you might be the only Austrian school person w/ that attitude. 😉 How do you feel abt Ariely behavioral econ?

          0 replies 0 retweets 0 likes
        5. End of conversation

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