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73 sats \ 3 replies \ @k00b 26 Oct \ on: No, Raising the Minimum Wage Does Not Hurt Fast-Food Workers econ
lol the change went in in April. I can’t tell why the author thinks all the effects have manifested already.
Also the negative effect of minimum wages gets inflated away.
I think he kind of acknowledged it, indirectly, but still, he preferred to go ahead with his preconceived opinion. Wishful thinking!
There are some gaps in the new study. As anyone who’s worked a low-wage job knows, if they want to save money, employers may not cut workers’ hourly rate, but they will cut the number of hours they spend on the job. Reich and Sosinskiy didn’t assess the law’s impact on working hours, since the necessary data wasn’t available. But even with questions remaining, a little over a year since its passage, AB 1228 looks like a step toward fairness.
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