Thursday, February 04, 2016

#bluemodel

Minimum Wages Surged In 6 Cities Last Year; Then This Happened
Another failed hypothesis.
Hiring at restaurants, hotels and other leisure and hospitality sector venues slowed markedly last year in metro areas that saw big minimum-wage hikes, new Labor Department data show.

Wherever cities implemented big minimum-wage hikes to $10 an hour or more last year, the latest data through December show that job creation downshifted to the slowest pace in at least five years.
Will this experiment be treated like the climate models, or will its proponents actually pay attention to whether their predictions match reality?

I'm betting the former.

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