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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (961572)	9/6/2016 8:52:38 AM
From: TimF	Respond to of 1575614

All false. I've posted links and comments about the actual research most of the time. In the past almost all the research showed a negative effect on employment of higher wages. Then there was Card-Krueger, and a couple of smaller less referenced studies showing a different effect from modest increase in the minimum wage. Card-Krueger only studied two states and only large franchise chains (who would be more likely to be able to deal with higher wages then some mom and pop place unless the mom and pop place is using their kids for free or a sub-minimum wage). Despite those results Krueger stated - “I want to emphasize that my comments should not be Interpreted as support for the position that Increasing the minimum wage Is sound public policy”. Also note that neither this study, nor any other one showed any increase of employment, or avoidance of a decrease, for large increases of minimum wages like those calling for a "living wage" want. Then even for those two states and for the chains - Neumark-Wascher using the actual payroll data, rather then self reports by management, showed that there was a negative employment effect from the increase that Card and Krueger studied. Also Neumark-Nizalova found adverse long-run effects of the minimum wage on marginal young workers - "even as individuals reach their late 20's, they work less and earn less the longer they were exposed to a higher minimum wage, especially as a teenager. " And Abowd-Kramarz-Margolis found that "movements in both French and American real minimum wages are associated with mild employment effects in general and very strong effects on workers employed at the minimum wage." You want to ignore just about all research before Card-Kruger, and a lot of it afterwards. When Card-Kruger was limited (only covering chains in two states, and didn't cover "living wage" laws), and largely refuted by Neumark-Wascher Also see Message 30086291 Message 29319109