The Impact of Minimum Wage
Explore the complex effects of minimum wage policies on employment, hours, training, and job quality. Economist John Ioannidis sheds light on the limited power of empirical analysis in detecting the true impact of minimum wage on job numbers. Discover the surprising 8.5% chance of finding statistically significant results, highlighting the challenges in accurately measuring the effects of minimum wage policies.In this clip
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EconTalk
John Ioannidis on Statistical Significance, Economics, and Replication
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