For the record, what the throwaway username accountholder is missing above is three decades of empirical research and 40-50 years of general equilibrium theory.
Card/Krueger have a fascinating paper on minimum wage that really launched the causal inference revolution in applied economics, based on a 1992 policy change.
Card/Krueger have a fascinating paper on minimum wage that really launched the causal inference revolution in applied economics, based on a 1992 policy change.