The effect of minimum wage hike

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The effect of minimum wage hike

Post by confuzzled dude on Wed Feb 07, 2018 8:01 am

Last summer, a paper on the effects of Seattle's minimum-wage increase made national headlines with its conclusion: The change made low-income workers worse off, not better, because it forced employers to cut back on hiring and hours to afford paying higher wages.

Although the finding contradicted years of research showing that the minimum wage had little to no effect on hiring practices, the paper was widely read and generally well regarded because of its reliance on high-quality data and convincing methods. David Autor, an economist at the Massachusetts Institute of Technology who was not involved in the research, told The Washington Post at the time that the study was “very credible” and “sufficiently compelling in its design and statistical power that it can change minds.”

A little more than six months later, and minds have indeed been changed — among them Autor's. He now says that other recent minimum-wage papers have underscored the limitations of the Seattle study.

Apparently, it was a +ve one

confuzzled dude

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