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by lesuorac
978 days ago
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> The claim that it lags behind the wage change is empirically also not found. That's within the quote on the comment that you are responding to ... "cumulative wage-price elasticity from three months before up to three months after a minimum wage hike was estimated at about 0.07". They found that increasing the minimum wage lead was followed by a 0.7% increase in prices 3 months later. 3 months later is "lagging". |
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