Study: Minimum Wage Hikes INCREASE Jobs
February 11, 2018
74,301
1,835
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9:51Now PlayingStudy: Minimum Wage Hikes INCREASE Jobs
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as posted by the channelThis was a study of 137 minimum wage hikes. Cenk Uygur, John Iadarola, and Mark Thompson, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
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"Last summer, a paper on the effects of Seattle's minimum-wage increase made national headlines with its conclusion: The change made low-income workers worse off, not better, because it forced employers to cut back on hiring and hours to afford paying higher wages.
Although the finding contradicted years of research showing that the minimum wage had little to no effect on hiring practices, the paper was widely read and generally well regarded because of its reliance on high-quality data and convincing methods. David Autor, an economist at the Massachusetts Institute of Technology who was not involved in the research, told The Washington Post at the time that the study was “very credible” and “sufficiently compelling in its design and statistical power that it can change minds.”
A little more than six months later, and minds have indeed been changed — among them Autor's. He now says that other recent minimum-wage papers have underscored the limitations of the Seattle study.”*
Hosts: Cenk Uygur, John Iadarola, Mark Thompson
Cast: Cenk Uygur, John Iadarola, Mark Thompson
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