Wednesday, October 25, 2017

The CEA Fact Checkers Miss One

In his speech yesterday, President Obama said,
Now, nosotros all know the arguments that bring been used against a higher minimum wage. Some tell it genuinely hurts low-wage workers -- businesses volition live on less probable to hire them. But there’s no company bear witness that a higher minimum wage costs jobs.
From my perspective, the final judgement is only incorrect.  There is a lot of work past times reputable economists that finds adverse job effects of a higher minimum wage.  In a poll of top economists, every bit many tell they believe that the adverse job consequence is noticeable every bit those that tell the opposite.

The president could bring said at that spot is no completely decisive evidence.  Or, more accurately, he could bring said at that spot is mixed evidence. But maxim at that spot is no company evidence is misleading.
Sumber http://gregmankiw.blogspot.com/

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