Greedy, heartless Wal-Mart customers say no to higher prices

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I was hoping you'd post that study. LOL

A number of questions were raised about the Neumark and Wascher results. During the time that both sets of data were collected, restaurant owners were widely aware of Card and Krueger’s findings. This allows for introduction of possible bias on behalf of the respondents. Restaurant owners opposed to minimum wages had a personal interest in overstating the impact of the minimum wage increase to skew the results in order to dissuade future minimum wage increases. Neumark and Wascher solicited responses directly from restaurants with a letter explaining that they were trying to “re-examine the New Jersey-Pennsylvania minimum wage study” (Neumark and Wascher 2000, 1,395).

In a review of Neumark and Wascher’s findings, Card and Krueger found that the results were driven by a single franchisee that provided Pennsylvania data showing a strong increase in employment. By reporting much stronger employment growth in Pennsylvania, which was the control state, this outlier skewed the expected result for New Jersey in the absence of a minimum wage increase. But when that outlier was excluded from the data, no statistically significant results could be found. Card and Krueger also found that the EmPI-collected data showed a much stronger negative employment effect (i.e., higher elasticity) than the data collected by Neumark and Wascher, which on its own did not show a statistically significant result.

Minimum wage trends: Understanding past and contemporary research | Economic Policy Institute

To which Card Kruger reexamine their data followed up with...

http://citeseerx.ist.psu.edu/viewdoc...=rep1&type=pdf

They concluded this time that:

After analyzing BNW’s data, our original survey data, publicly available BLS data, and most importantly, the BLS ES-202 fast-food establishment data, we reach the following conclusion:
The increase in New Jersey’s minimum wage probably had no effect on total employment in New Jersey’s fast-food industry, and possibly had a small positive effect.

[Vteckidd]

I was hoping you'd post that study. LOL

LOL I rest my case, right on cue. Only his sources are accepted, only his data is relevant.

[Echonova]

I was hoping you'd post that study. LOL



Minimum wage trends: Understanding past and contemporary research | Economic Policy Institute

To which Card Kruger reexamine their data followed up with...

http://citeseerx.ist.psu.edu/viewdoc...=rep1&type=pdf

They concluded this time that:

All I know is, in 3 hours you personally read the entire study, fact checked all the footnotes/sources and came to your own conclusion about it, rather than Google and regurgitate somebody elses opinion.

So on that basis I accept that we need higher minimum wages.

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All I know is, in 3 hours you personally read the entire study, fact checked all the footnotes/sources and came to your own conclusion about it, rather than Google and regurgitate somebody elses opinion.

So on that basis I accept that we need higher minimum wages.

In three hours? No. I've read all about that before. I do read pretty fast though.