ST Alpha - "Speaking of entry level jobs, minimum wage, and economics, a new study basically confirms what we were talking about some time ago on ST." (Reading a Post)

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Speaking of entry level jobs, minimum wage, and economics, a new study basically confirms what we were talking about some time ago on ST.

Posted by ReluctantCynic (aka ReluctantCynic) Feb 6 '18, 17:09

BLUF: David Autor, an MIT Economist and economics commentator (not involved in the research) "says that if minimum-wage increases were concentrated in an industry such as manufacturing, where domestic workers face stiff competition from cheaper overseas labor, the negative effects on employment could be significant. On the other hand, modest wage increases affecting primarily restaurant and food service workers in booming local economies might not have many drawbacks."

And there are links to the journal article and conference website mentioned in the WaPo news story linked below.

WaPo article summarizing the research (www.washingtonpost.com)

Responses:

[deleted]
Given all the incursions that have been done in other countries in the name of the USA, I wonder why unionization hasn’t been explored as an option? - Beryllium Feb 6, 17:21 2
- Unions have been basically legislated into irrelevance in the US. -- nm - Reagen Feb 6, 17:25 1
  - That’s not what I mean. I mean, why haven’t they been explored as an option to inflate wages in competing countries? -- nm - Beryllium Feb 6, 18:14

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Speaking of entry level jobs, minimum wage, and economics, a new study basically confirms what we were talking about some time ago on ST.

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