Wapo: New Study on seattle minimum wage is bad news for liberals (user search)
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  Wapo: New Study on seattle minimum wage is bad news for liberals (search mode)
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Author Topic: Wapo: New Study on seattle minimum wage is bad news for liberals  (Read 1939 times)
Person Man
Angry_Weasel
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« on: June 27, 2017, 01:38:58 PM »

Didn't  this study basically a "control" out of its ass?
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Person Man
Angry_Weasel
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Posts: 36,689
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« Reply #1 on: June 27, 2017, 03:30:00 PM »

Didn't  this study basically a "control" out of its ass?

That's how synthetic controls work. It's a pretty common and recognized method for studying discrete policy changes. The methodology is pretty solid.

But is there a Seattle in Seattle? They couldn't have done San Fransico?

Anyways, it would be interesting to see how this automates low wage industries and how that effects employment in technology and how it effects undercapitalized entrapanuers. Would productivity go up if undercapitalized business owners became employees that had similar compensation?
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Person Man
Angry_Weasel
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« Reply #2 on: June 27, 2017, 03:36:16 PM »

The federal government should subsidize the minimum wage increase to $12 - $15 so it doesn't hurt small businesses or cut jobs like this.

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Or we could just scrap the minimum wage and implement an NIT. It would be far more efficient and solve the same problem.

NIT?
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Person Man
Angry_Weasel
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Posts: 36,689
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« Reply #3 on: June 27, 2017, 03:48:38 PM »

The federal government should subsidize the minimum wage increase to $12 - $15 so it doesn't hurt small businesses or cut jobs like this.

Solved

Or we could just scrap the minimum wage and implement an NIT. It would be far more efficient and solve the same problem.

NIT?

https://en.wikipedia.org/wiki/Negative_income_tax

Isn't that just welfare?
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