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To: flatsville who wrote (105548)5/30/2001 12:33:59 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
The research I've seen shows that increasing the minimum wage increases unemployment among black teenagers, but not adults and not white teenagers. Is that consistent with what you've seen?



To: flatsville who wrote (105548)5/30/2001 12:45:24 PM
From: Don Lloyd  Read Replies (1) | Respond to of 436258
 
f -

Yeah, that's what I thought. No hard nos.
I worked this issue professionally for about two years. The opposition was always screaming it would result in unemployment and could never cite anything hard...just blather on hoping voters would buy-in to their belief system. I issued a standard challenge to "prove it." They never could.

Anyway..thanks for the response. Thought I had missed something in my research.


Don't be so disingenuous, you're not stupid enough to believe what you're saying. The real question, of course, would be whether a legal minimum wage increased unemployment over what it would be if everything else were held equal. This is my point about controlled experiments in economics being impossible. Since the unemployment that is caused by the minimum wage only affects the least skilled workers, any government statistics attempting to measure changes in this would be so error prone as to be utterly useless, even by the normal standards of government statistics.

Regards, Don



To: flatsville who wrote (105548)5/30/2001 12:50:24 PM
From: Les H  Respond to of 436258
 
Congress has tended to bump the FMW near the top of the economic cycles when business is often paying above the FMW. Many of those affected are first-fired after the peak, and last hired. Rather than erratic increases, a more gradual increase would be preferable.