Quote:
Originally Posted by SecretMethod70
Perhaps not, but I've already provided two sources that show it does not. A quick excerpt from the page at the Economic Policy Institute (the first of the two links I provided above):
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I know about the pseudo-experiment models, and they aren't entirely without flaw. One of the things they don't take into account is the job changes BEFORE implementation of minimum-wage differences. Many people see the corrections coming when the wage changes are announced, and not actually implemented. So when the actual change comes around, you don't see loss, because the market has already factored in the new level of wages. And that's the problem with pseudo-experiments-they can provide necessary data but it is very hard to isolate any factor, or to show any direct correlation.