One of the interesting takeaways from the linked study was that when minimum wage changes happen, (a) everyone wants to use the restaurant industry as a proxy for the larger economy, and (b) turns out that restaurants are unrepresentative of the larger economy.

The SkunkWorks talking head gloated that there are more restaurants open now in Seattle than before the increase. Well, income inequality is going through the roof in Seattle as well.

Think those two factoids might somehow be connected? :-)

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store