pull down to refresh
21 sats \ 3 replies \ @0xbitcoiner OP 12 Jun \ parent \ on: Forget ‘no tax on tips’ — increasing the minimum wage would deliver ... econ
I don’t know if they counted it or not, but if they lost their jobs, doesn’t it make sense that it should be not counted? This is a political issue, and I get that raising the minimum wage could actually push more people into unemployment, since a lot of companies just can’t afford to pay. Same thing’s being debated here in Europe.
Losing your job because of a policy sure seems like being affected by it. Also, the primary mechanism isn't people actually getting fired, but rather employers being more reluctant to hire. So, the "affected" population also includes all those people who would have otherwise had jobs.
If they exclude it, then it's a preposterously biased estimate. It then means "Of those who benefit from this policy, here's how much they benefit." not "This is the net benefit of this policy." Only the latter is a relevant standard for doing a policy comparison.
reply
..., but rather employers being more reluctant to hire.
Ah, I totally missed that! Thanks for clearing it up.
reply
That's understandable, since I didn't mention it.
reply