6 ms·

so you don't have any evidence? you are just hoping there will be evidence in the future? Separately - are you against minimum wage increases as a way to make

• estearum 3mo ago
  Huh? The same dynamic is evident in literally every single leap in productivity and local wages in human history. Surely if I'm wrong, you're willing to bet on it, correct? Easy money for you? Of course you won't because you obviously know this dynamic is real lmao https://www.nber.org/papers/w33576 https://www.nber.org/papers/w33576 Yes, minimum wage as a way to make things more affordable is mostly a bad idea. https://www.sciencedirect.com/science/article/abs/pii/S0094119021001030 https://www.sciencedirect.com/science/article/abs/pii/S00941... > Increases in state minimum wages significantly reduce the incidence of renters defaulting on their lease contracts by 1.7 percentage points over three months, relative to similar renters who did not experience an increase in the minimum wage. This represents 10.6% fewer monthly defaults. However, this effect slowly decreases over time as landlords react to wage increases by increasing rents.