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Thrilled that Seattle is giving this a try. Great that it's being analyzed so other areas can learn from and improve upon.
by randomfool 9y ago
Thrilled that Seattle is giving this a try. Great that it's being analyzed so other areas can learn from and improve upon.
- pasquinelli 9y agoi'm dismayed at how thrilled i am to see such an attitude as yours, as if i never expected to see such a thing.
- lordnacho 9y agoMy thought as well. There needs to be experimentation for us to learn anything. That goes especially for economics, where you often get ideology instead of evidence.
- WillPostForFood 9y agoIt is incredibly difficult to experiment in economics because you can't control for a single variable. If I like minimum wage, I'll look for employment data during a boom to mask the negative effects. If I dislike it, I'll look for data during a bust. That's over simplifying, but it is why we have multiple studies both showing minimum wage helped and hurt.
- crdoconnor 9y agoDube, Lester, Reich did a study that accounted for booms and busts by looking at a series of minimum wage increases across state borders between 1990 and the present.
- dlp211 9y agoI just want to point out something that I heard on NPR/Public Radio on my drive home the other night. Essentially the studies that have been done around Seattle show that $15 was probably too high, but when it was raised to $11 it had no noticeable effect. Now of course, confidence in the studies matter, and I am going to assume the worst and that these studies weren't conducted in the same manner. But if the above holds true, the implications are immense.
- aetherson 9y agoIt hasn't hit $15 yet. The current studies are on the increase to $13. The studies when it was $11 didn't show no noticeable effect, they showed mixed effects. Basically, at $11, the studies suggested that it produced losers and winners, and the winners slightly outweighed the losers.