top | item 37913111 (no title) RicDan | 2 years ago So things that are happening regardless? discuss order hn newest lesuorac|2 years ago Sure but it would be worse.You see this all the time when the minimum wage is increased by say 10% then there is a general inflation of 1%. General inflation lags wage increases although at a reduced effect. kasey_junk|2 years ago That’s not what the empirical evidence suggests (though it’s a big topic of study).It’s closer to 0.4% for every 10% increase and the inflation happens almost immediately.https://research.upjohn.org/up_workingpapers/260/ load replies (1)
lesuorac|2 years ago Sure but it would be worse.You see this all the time when the minimum wage is increased by say 10% then there is a general inflation of 1%. General inflation lags wage increases although at a reduced effect. kasey_junk|2 years ago That’s not what the empirical evidence suggests (though it’s a big topic of study).It’s closer to 0.4% for every 10% increase and the inflation happens almost immediately.https://research.upjohn.org/up_workingpapers/260/ load replies (1)
kasey_junk|2 years ago That’s not what the empirical evidence suggests (though it’s a big topic of study).It’s closer to 0.4% for every 10% increase and the inflation happens almost immediately.https://research.upjohn.org/up_workingpapers/260/ load replies (1)
lesuorac|2 years ago
You see this all the time when the minimum wage is increased by say 10% then there is a general inflation of 1%. General inflation lags wage increases although at a reduced effect.
kasey_junk|2 years ago
It’s closer to 0.4% for every 10% increase and the inflation happens almost immediately.
https://research.upjohn.org/up_workingpapers/260/