Thread by @fightfor15

"[The CBO's] estimates [on the $15 minimum wage] are a bit too pessimistic—including compared to their analysis a few years back. The high-quality research on this topic tends to suggest pretty small employment effects"

@arindube today w/ @kairyssdal + @mollywood

#RaiseTheWage

https://twitter.com/Marketplace/status/1359579919710380036

"What I found is that overall, the most up-to-date research finds a fairly muted effect on unemployment while really sharply increasing the earnings of low-paid workers this includes some of the more recent ambitious policies in the US and UK."

"I used a similar methodology as the CBO but just used more studies but also looked at the quality of the studies,"

"If you look at the most comprehensive studies looking at the overall impact on low-wage jobs for example published in leading economics journals those tend to suggest relatively mild impacts of the policy. I think and other economist would agree that"

"the CBO estimates are more pessimistic than what the current research frontier actually suggests..."

"The weight of the evidence has pretty clearly moved toward relatively small effects."

"It's hard to avoid the chilling conclusion that we haven't raised the minimum wage in this country because we just don't care...that as a country and a matter of policy have not been able to be bothered with the working poor"

@mollywood