Myth and measurement
by David Card, Alan B. Krueger · first published 1997
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…to significant job losses. In fact, the research unequivocally shows that the benefits to low-wage workers and their families far outweigh the costs. http://www.epi.org/content.cfm/issuebriefs_ib149 "Myth and Measurement: The New Economics of the Minimum Wage" Summary: recent increases in the minimum wage had no adverse effect on employment. http://www.amazon.ca/Myth-Measurement-Economics-Minimum-Wage... "States with…
on “Rejecting industry dogma, Costco backs calls to lift minimum wage” ↗…food sector elsewhere in the United States" .. could drive a truck through that "elsewhere". In 1992, New Jersey made just such an increase in minimum wage at fast food restaurants. Card & Kreuger ("Myth and Measurement") analyzed data in adjacent areas in NJ & PA. They found that employment in the NJ area actually increased. Take a look at the first chapter of "Economics in America" by Angus Deaton (Nobel 2015). Comparing…
on “Did California's fast food minimum wage reduce employment?” ↗