Wednesday, May 1, 2019

Higher Minimum Wage Could Cut Suicide Rates?

This is how wacky econometric "research" is done. It is positively absurd.

Take some limited data, do some non-reality based regression analysis and, viola, conclusions also not in touch with reality

A new working paper from the National Bureau of Economic Research suggests that even a slight increase of the minimum wage saves lives. Fewer people commit suicide when some of the financial pressure is taken off their backs, according to the work by the researchers from the University of California at Berkeley.

Of course, there is no proper consideration as to what happens to those who lose their jobs because of an increase in the minimum wage or are not even able to join the workforce?

This kind of thinking makes me want to shoot myself.


(via Forbes)

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