Research on this seems to go back and forth, but my understanding of the latest was that it’s just hard to measure but at a high level the evidence largely points in the way theory predicts (minimum wages reduce employment). https://www.nber.org/papers/w28388
Related to the original post, this is why I think the Earned Income Tax Credit is good while a minimum wage is bad.
No I didn’t estimate the effect myself. I don’t think that’s a reasonable bar for commenting in this context. I also doubt it would make a difference if I had, since as a non-expert, my opinion of any given study’s methods is probably not going to convince anyone.
Research on this seems to go back and forth, but my understanding of the latest was that it’s just hard to measure but at a high level the evidence largely points in the way theory predicts (minimum wages reduce employment). https://www.nber.org/papers/w28388
Related to the original post, this is why I think the Earned Income Tax Credit is good while a minimum wage is bad.
Have you read through the studies and methods yourself and checked that they estimate the effects correctly?
Why did you decide that this isolated demand for rigor belongs on my comment and not the parent, or dozens of other comments?
I posted it on the parent comment too. Is there some reason you find it more difficult to answer my question than the parent commenter does?
No I didn’t estimate the effect myself. I don’t think that’s a reasonable bar for commenting in this context. I also doubt it would make a difference if I had, since as a non-expert, my opinion of any given study’s methods is probably not going to convince anyone.
I tend to think social science is untrustworthy, so if you haven’t double-checked their methods yourself you should probably assume they are wrong.
But would you trust the methods if I had checked, or would you still want to check it yourself?
If you had checked, that would be a filter, which would make it more worth paying attention to and maybe checking myself.