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re: Study: States that raised minimum wage had stronger job growth
Posted on 7/10/14 at 7:01 pm to TT9
Posted on 7/10/14 at 7:01 pm to TT9
quote:
The study, which updates a Goldman Sachs analysis to include data from April and May, shows that the 13 states that increased their minimum wages on Jan. 1 have had stronger employment growth than the 37 states that didn’t. The study compared average employment during the first five months of 2014 with the last five months of 2013.
Economic theory says this isn't possible! The facts must be wrong!
Econ 101. Meeeeooooo
This post was edited on 7/10/14 at 7:02 pm
3
Posted on 7/10/14 at 7:02 pm to SpidermanTUba
quote:Facts are facts. The facts in this case are not represented.
The facts must be wrong!
Posted on 7/10/14 at 7:03 pm to SpidermanTUba
quote:
Economic theory says this isn't possible! The facts must be wrong!
Econ 101. Meeeeooooo
quote:
SpidermanTUba
did you actually read where it says the data wasn't scientific and showed no correlation between higher min wage and payroll gain?
Posted on 7/10/14 at 7:31 pm to SpidermanTUba
quote:TUba, you are a smart, scientifically oriented person. If you were running a study analyzing the effects of min. wage on the economy of a state, which approach makes more sense:
SpidermanTUba
A) comparing the state's economy with a state in which MW did not rise,
or
B) comparing the growth of a state before MW went into effect, and after it went into effect.
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