There’s absolutely no argument from me that you don’t want to read too much into a dramatic graph.
A lot of uncertainty here, but starting to like like LA’s hotel minimum wage doing damage http://t.co/k6VAjRrUgX pic.twitter.com/sTPqrkeXBJ
— Modeled Behavior (@ModeledBehavior) August 18, 2015
At the same time, sometimes dramatic things do happen. Certainly it’s significant enough looking that people on the Left are there and starting to push back on it in earnest. And why is it so difficult for the Left to admit that minimum wages have a negative impact on employment, anyway? It’s economics that even non-economists can understand.
“And why is it so difficult for the Left to admit that minimum wages have a negative impact on employment, anyway?”
Because if basic rules of cause and effect are allowed to apply to THIS, well, they could be applied to ANYTHING. From there it’s just open season on every program near and dear to their hearts.
I think it’s simpler to state as “intentions matter more than results”, but .. yeah.
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Mew
Leftists don’t believe in economics because it so often tells them that their grandiose plans will just make things worse.