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42 sats \ 2 replies \ @Rothbardian_fanatic OP 30 Jul \ parent \ on: New Study: California’s $20 Minimum Wage Killed 18,000 Restaurant Jobs econ
Right, isn’t that just the way economics and any other science works: pre-specify the results and the methods to get the results you are paying for? It also doesn’t surprise me that this took place in, of all places, Seattle. They just can’t get enough communism there, can they/
The unusual part was agreeing to the prespecified methods ahead of time. I think they did it because they're true believers and couldn't imagine the results going against them.
We all expected the subsequent chicanery.
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Well, I would guess that they are going to find out the hard way that there is no difference between raising the minimum wage from $15/hr to $30/hr or even $500/hr. It all causes the same chaos in the labor market, albeit, there would be more chaos at larger amounts. They must truly hate the people of Seattle to do this kind of thing.
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