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Re: Study: The 2007 minimum wage hike cost more than 1 million jobs during the recess
But how can anyone figure out which jobs or how many jobs were caused by this or that factor? It's kinda like claiming that the spending bill "created or saved" X amount of jobs (or didn't create or save jobs at all). We simply don't know.
After other min wage increases, we didn't have job losses or a spike in inflation, so somehow I doubt that this study has a lot of validity to it. It's simply a guess based upon one particular theory (although there are contrary theories), with no control group, and no scientific bases behind it at all.
No one said that this was the only cause of the job losses, just that is one of the causes. Try again, please, and this time could you put a LITTLE effort in??
But how can anyone figure out which jobs or how many jobs were caused by this or that factor? It's kinda like claiming that the spending bill "created or saved" X amount of jobs (or didn't create or save jobs at all). We simply don't know.
After other min wage increases, we didn't have job losses or a spike in inflation, so somehow I doubt that this study has a lot of validity to it. It's simply a guess based upon one particular theory (although there are contrary theories), with no control group, and no scientific bases behind it at all.