Celebrating humanity's flourishing through the spread of capitalism and the rule of law
02 Aug 2014 Leave a comment
in labour economics, minimum wage, politics - New Zealand, politics - USA Tags: minimum wage
In every episode, except 1996 (which is the smallest hike relative to average wages), there was a distinct decline in the trend of teen employment in the few months before the initial hike until a few months after the follow-up hike. This led Kevin Erdmann to ask:
Is there any other issue where the data conforms so strongly to basic economic intuition, and yet is widely written off as a coincidence?
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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