Paul Krugman

@paulkrugman ↗

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Last Checked July 26, 2020

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Mon Jul 08 19:37:40 +0000 2019

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Paul Krugman @paulkrugman

There is a diehard faction of economists who refuse to accept the overwhelming empirical evidence for very small employment effects of minimum wages. This puts CBO in an awkward position, and they may have erred on the side of political caution. But you don't have to go there 3/ — PolitiTweet.org

Posted July 8, 2019 Hibernated

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Paul Krugman @paulkrugman

The report also shows some significant job losses from a $15 minimum wage, which no doubt will get a lot of coverage. But I agree with EPI that CBO has given too much weight to dubious research. 2/ — PolitiTweet.org

Posted July 8, 2019 Hibernated

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Paul Krugman @paulkrugman

The fact is that even if CBO is overstating the job effects, this is actually a very pro-hike report. Remember that the job number is for average employment in a given week; it doesn't mean that anything like that number would be unemployed for long periods 4/ — PolitiTweet.org

Posted July 8, 2019 Hibernated