Post #319,703
1/7/10 3:43:17 PM
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Hmmm...
http://www.uvm.edu/~.../doc/min_wage.htm
Card and Krueger compared unemployment and wages in New Jersey and Pennsylvania. In that comparison they focused on the fast food industry (the leading employers of low wage earners and an industry that enforces the minimum wage). The Comparison of New Jersey and Pennsylvania indicated, "employment actually expanded in New Jersey relative to Pennsylvania, where the minimum wage was constant" (Card and Krueger 1995, p. 66). In additional studies that they conducted using data from other states Card and Krueger actually found a positive correlation between a higher minimum wage and employment. Table 2 presents the findings of each of the studies they ran.
[...]
Despite the claims of these critics, there has been no peer-reviewed research to date that contradicts the findings of Card and Kreuger or supports the claim that an increase in the minimum wage increases unemployment.
HTH.
Cheers,
Scott.
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Post #319,705
1/7/10 3:53:13 PM
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Re: Hmmm...
teen employment rates, not general.
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Post #319,707
1/7/10 3:54:38 PM
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Got a linky? Thanks.
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Post #319,711
1/7/10 4:06:48 PM
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Go to McWendy Kingchicken.
If their not the mgr, they're sub 20.
Not the same here in FL as it was in NJ...there's a good share of 60+ down here too that couldn't get the greeter gig at Walmart.
I will choose a path that's clear. I will choose freewill.
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Post #319,712
1/7/10 4:08:48 PM
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Not around here. YMMV.
That's not a linky either. ;-)
Cheers,
Scott.
(Who prefers an actual rigorous study to anecdotal evidence. ;-)
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Post #319,713
1/7/10 4:10:47 PM
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here ya go
http://online.wsj.co...820278669840.html
Earlier this year, economist David Neumark of the University of California, Irvine, wrote on these pages that the 70-cent-an-hour increase in the minimum wage would cost some 300,000 jobs. Sure enough, the mandated increase to $7.25 took effect in July, and right on cue the August and September jobless numbers confirm the rapid disappearance of jobs for teenagers.
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Post #319,715
1/7/10 4:29:58 PM
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Counterpoint.
Thanks. Here's a Counterpoint - http://thinkprogress.../15/fox-min-wage/
If you haven't guessed, the WSJ OpEd pages don't carry much weight with me. You might as well go back to citing WND. ;-)
Paul Krugman puts the wage issue in a broader context - http://krugman.blogs...raise-employment/
FWIW.
Cheers,
Scott.
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Post #319,723
1/7/10 5:23:37 PM
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you respond to the leading economic paper in the US
with fox news? doesnt quite match up.
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Post #319,736
1/7/10 8:32:58 PM
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The WSJ's Editorial Page is as right wing as WND.
http://www.salon.com...12/wsj/index.html
I can give FoxNews the benefit of the doubt when they put a full sentence in direct quotes. Sometimes.
YMMV.
HTH!
Cheers,
Scott.
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Post #319,728
1/7/10 5:37:35 PM
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here, have a graph
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Post #319,741
1/7/10 10:09:28 PM
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Correlation is not causality.
And that graph doesn't show much in the way of correlation...
Perry is now associated with AEI - hardly an unbiased outfit. His latest post is an attempt to prove to us, with 2 little graphs, that "government funding increases health care costs" - http://blog.american.com/?p=9051 :-/
The graph you cite doesn't prove anything, I'm sure you know. Employment and unemployment depends on much more than just a bottom-line federal wage rate.
Some say teenage unemployment has risen due to competition from illegal workers - http://www.csmonitor...3-usec.html?s=itm
Some say teenage unemployment has risen due to stay-at-home moms who are looking to supplement their income - http://online.wsj.co...997530518051.html (Note that WSJ article (as opposed to OpEd or Editorial) doesn't say anything about the minimum wage.)
Finally, I think you'll find AngryBear prepares much more persuasive graphs than Perry - http://angrybear.blo...unemployment.html
[...] But if you look at the long term record it is very hard to conclude that the teenage unemployment rate is a function of the minimum wage. Rather, the evidence very strongly implies that the teenage unemployment rate is driven by the business cycle.
[...]
Oh, and take a look at his last graph - http://2.bp.blogspot...h/Clipboard03.jpg
HTH. I think I'm done. :-)
Cheers,
Scott.
(Who thinks that Perry might want to go back to George Mason for some remedial classes...)
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Post #319,744
1/7/10 10:33:00 PM
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Re: Correlation is not causality.
ROFL! c02 and global warming :-) but thats what you had in mind right?
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Post #319,746
1/7/10 10:44:33 PM
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<head against brick wall> ;-)
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Post #319,747
1/7/10 11:13:49 PM
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yeah look how many posts it took me :-)
gotcha!
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Post #319,732
1/7/10 7:06:36 PM
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NJ
You may think this odd...but teens don't work for min wage in NJ, as they generally can get that much out of their parents. My daughter started at 50cents over min at Burger King.
IOW, studying NJ teenage employment does not translate to anywhere else.
I will choose a path that's clear. I will choose freewill.
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Post #319,735
1/7/10 8:28:18 PM
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Evidence, please.
IOW, studying NJ teenage employment does not translate to anywhere else.
Paul Krugman would seem to disagree with you.
You obviously don't like Card and Krueger's 1995 result, but it apparently hasn't been shown wrong in the refereed economics literature. OpEds from the WSJ and FoxNews don't count. ;-)
You can have the last word. I don't have enough interest in this to keep battling with you and Box, especially since none of us have access to the original papers...
Cheers,
Scott.
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Post #319,737
1/7/10 8:39:33 PM
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check the graph ^ makes my point
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