Although even the latter claim is empirical, unless we worm off the hook with unknowns.
It's more accurate because it allows for more variables. The less precise, the more accurate. The curse of analyzing the real world of humans.
Although even the latter claim is empirical, unless we worm off the hook with unknowns.
It's more accurate because it allows for more variables. The less precise, the more accurate. The curse of analyzing the real world of humans.
Yes, "given reasonable assumptions," then min wage causes disemployment effects. But these assumptions are empirical - many in the domain of psychology. It's possible that employees become inspired after a min wage hike. Unlikely, but at least conceivable
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