Author Topic: 1400 real world minimum wage increases show no impact on Employment?  (Read 1593 times)

Interstate317

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http://m.thefiscaltimes.com/fiscaltimes/#!/entry/1400-real-world-minimum-wage-increases-show-no-impact-on,530731c0025312186cd48fbd/4/media/2,minimum-wage-increase-effect

So I found a graph on 1,492 minimum wage studies and it has some interesting points. 1 is that the vast majority of studies say minimum wage has a negative impact on employment. 2 is that the vast majority of the studies have a very low "power" associated with them. If we looked ONLY at studies with a 1/Se of 50 or greater, the trend is reversed. Virtually no study says minimum wage causes unemployment at that level.

How do we interpret this?

VectorM

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Re: 1400 real world minimum wage increases show no impact on Employment?
« Reply #1 on: February 26, 2014, 03:51:30 AM »
http://m.thefiscaltimes.com/fiscaltimes/#!/entry/1400-real-world-minimum-wage-increases-show-no-impact-on,530731c0025312186cd48fbd/4/media/2,minimum-wage-increase-effect

So I found a graph on 1,492 minimum wage studies and it has some interesting points. 1 is that the vast majority of studies say minimum wage has a negative impact on employment. 2 is that the vast majority of the studies have a very low "power" associated with them. If we looked ONLY at studies with a 1/Se of 50 or greater, the trend is reversed. Virtually no study says minimum wage causes unemployment at that level.

How do we interpret this?

"is that the vast majority of the studies have a very low "power" associated with them"

If soemone can explain what the hell that means, it would be a start.

Travis Retriever

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Re: 1400 real world minimum wage increases show no impact on Employment?
« Reply #2 on: February 26, 2014, 10:21:35 AM »
"is that the vast majority of the studies have a very low "power" associated with them"

If soemone can explain what the hell that means, it would be a start.
http://bretcontreras.com/powerful-stats/
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libertarian__revolution

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Re: 1400 real world minimum wage increases show no impact on Employment?
« Reply #3 on: April 02, 2016, 08:27:12 PM »
Clearly the rational thing to do is end inflation!
"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else." - Frederic Bastiat.