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To: winner3000

So you ignore the data and the facts. Wow.


82 posted on 08/21/2019 12:59:23 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

(So you ignore the data and the facts. Wow.)
No. It just means that during times when the minimum wage was raised, the actual min wage was very close to the new official one set by the government, so it didn’t create as much loss of jobs. It’s not a coincidence as the min wage is usually increased during big expansions in the economy when wages are naturally increasing. But the resulting inflexibility in the wages is such that during the next downturn the new higher minimum wage prevents employers from cutting employee wages to save their jobs, and they lose them. The data will not be able to pick up the real correlation because of the lag between the min wage increasing, and jobs being lost.


109 posted on 08/22/2019 3:26:59 AM PDT by winner3000
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