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[–] AndrewBlazeIt 0 points 2 points (+2|-0) ago  (edited ago)

Apparently paying $175 for a dinner for two at a 2.1 star restaurant is a sign of a "booming economy".

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[–] derram ago 

https://archive.fo/g5yux :

They Said Seattle’s Higher Base Pay Would Hurt Workers. Why Did They Flip? - The New York Times

'A research team including economists from the University of Washington has put out a paper showing that Seattle’s recent minimum-wage increases brought benefits to many workers employed at the time, while leaving few employed workers worse off. '

'On their own, these results appear unremarkable. '

'Large stacks of academic papers have shown that, for the average worker, a minimum-wage increase does more good in raising pay than it hurts by prompting some employers to cut back on hiring or hours. '

'But this new paper, issued Monday, has a unique pedigree: Last summer, the same authors released a paper showing that Seattle’s minimum-wage increases had large costs for workers. '

' Because employers reduced hours in response to the city’s rising minimum wage in 2016, the researchers found, average pay fell by an eye-popping $125 a month, or about 6.6 percent. (They did not observe such effects for a minimum-wage increase the year before.)The earlier paper created an immediate political sensation, not least because the researchers had access to highly detailed data on worker wages and hours — the kind of information generally not available to the authors of other studies. '


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