Monday, November 23, 2015

Models of the minimum wage (for what they’re worth) | Jared Bernstein | On the Economy

Excellent overview: Jared Bernstein Blod

"Thee recent minimum wage debates among the various campaigns are pretty disconnected from a model of how the damn thing actually works in the real world. In part, that’s a function of campaigns not doing nuance, but it’s also because there is no model that economists agree on as per why the empirical results on minimum wage increases are so different from the predictions of the classical model."

'via Blog this'

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