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Comments on: Fact Checking https://whynow.dumka.us/2021/10/12/fact-checking-4/ On-line Opinion Magazine...OK, it's a blog Fri, 15 Oct 2021 23:12:25 +0000 hourly 1 https://wordpress.org/?v=6.4.3 By: Bryan https://whynow.dumka.us/2021/10/12/fact-checking-4/comment-page-1/#comment-89706 Fri, 15 Oct 2021 23:12:25 +0000 https://whynow.dumka.us/?p=48054#comment-89706 In reply to Badtux.

In case of this year’s winners you are too right as they did real world testing to find out if an increase in the minimum wage affected job growth. They had a county in one state where the minimum wage increased and a similar county that was next to it in a different state that didn’t increase the wage. They found that the number of jobs in the county that increased the wage had more job growth than the county that didn’t. Their work was pilloried by economists who supported the “conventional wisdom” that jobs are lost when the minimum wage is increased. The “mainstream economists” wouldn’t accept the facts and clung to their beliefs like the cult they are.

]]> By: Badtux https://whynow.dumka.us/2021/10/12/fact-checking-4/comment-page-1/#comment-89705 Fri, 15 Oct 2021 17:50:58 +0000 https://whynow.dumka.us/?p=48054#comment-89705 The “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” might as well be awarded by witch doctors since any actual economic science is pretty much akin to witch doctoring thanks to politics making any real economic science impossible. Facts are inconvenient when faced with vested interests which are not served well by facts.

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