Re:Technology Change Not the Culprit in Wages Falling Behind...
by crdoconnor on Saturday February 24, 2018 @08:54AM
(#16453247)
>The title of the paper is
Yeah, not that one. The one I cited by the UK low pay commission where it found a minimum wage hike was accompanied by a 11% drop in profits and a slight increase in prices (and even then only in the food service industry).
I doubt that anybody has studied the profit drop in Seattle. As an economist, it pays not to look too closely at certain topics and that is definitely one of those topics. It would not help your employability to study that topic at all.
Your employability goes up, however, if your research helps to find results that restaurant associations or "walmarts" with a bit of cash to splash around might find useful.
David Neumark and William Wascher are keenly aware of this, which is probably why they took Card and Krueger's landmark study and twisted it until it showed employment going down after a minimum wage hike.
Yeah, not that one. The one I cited by the UK low pay commission where it found a minimum wage hike was accompanied by a 11% drop in profits and a slight increase in prices (and even then only in the food service industry).
I doubt that anybody has studied the profit drop in Seattle. As an economist, it pays not to look too closely at certain topics and that is definitely one of those topics. It would not help your employability to study that topic at all.
Your employability goes up, however, if your research helps to find results that restaurant associations or "walmarts" with a bit of cash to splash around might find useful.
David Neumark and William Wascher are keenly aware of this, which is probably why they took Card and Krueger's landmark study and twisted it until it showed employment going down after a minimum wage hike.