{"id":178539,"date":"2018-10-31T20:48:00","date_gmt":"2018-11-01T01:48:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/10\/31\/economists-discover-the-obvious\/"},"modified":"2018-10-31T20:48:00","modified_gmt":"2018-11-01T01:48:00","slug":"economists-discover-the-obvious","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2018\/10\/31\/economists-discover-the-obvious\/","title":{"rendered":"Economists Discover the Obvious"},"content":{"rendered":"<p><a href=\"https:\/\/i.imgur.com\/cXViFwo.png\"><img decoding=\"async\" src=\"https:\/\/i.imgur.com\/cXViFwo.png\" style=\"cursor: pointer; float: right; margin: 0px 0px 10px 10px;\" width=\"350\" \/><\/a>Economists are now (begrudgingly) announcing that <a href=\"https:\/\/boingboing.net\/2018\/10\/28\/fight-for-15.html\">Seattle&#8217;s $15\/hour minimum wage did not cause an apocalypse<\/a>, and that, in fact, it benefited the poorest workers in the city:<\/p>\n<blockquote><p><span style=\"color: blue;\">Earlier this year, a group of business school researchers from the University of Washington and NYU, as well as Amazon, published an influential paper claiming that the rising Seattle minimum wage had decreased take-home pay for workers by 6% due to cuts to work hours &#8212; the paper was trumpeted by right-wing ideologues as examples of how &#8220;liberal policies&#8221; hurt the workers they are meant to help.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">But a new paper by the same authors (Sci-Hub mirror) shows that the rising minimum wage generated major increases for the workers who had the most hours, whose hours were only cut a little, but still came out ahead thanks to the wage increase; workers with fewer hours saw no financial harm from the rising minimum wage, working fewer hours and bringing home the same sum; and they found some harm to people who had the smallest number of hours) (which may actually reflect stronger demand for workers and fewer workers in this category of very-low-hour work).<\/span><\/p><\/blockquote>\n<p>Oopsie.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists are now (begrudgingly) announcing that Seattle&#8217;s $15\/hour minimum wage did not cause an apocalypse, and that, in fact, it benefited the poorest workers in the city: Earlier this year, a group of business school researchers from the University of Washington and NYU, as well as Amazon, published an influential paper claiming that the rising &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[544,392,588,494,584],"class_list":["post-178539","post","type-post","status-publish","format-standard","hentry","tag-academe","tag-economy","tag-fail","tag-statistics","tag-win"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178539"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=178539"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/178539\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=178539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=178539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=178539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}