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Home / Miles Kimball / Arindrajit Dube’s Thread on the Congressional Budget Office Report on the Effects of Increasing the Minimum Wage to $15

Arindrajit Dube’s Thread on the Congressional Budget Office Report on the Effects of Increasing the Minimum Wage to $15

Summary:
By the way, lest you think the CBO estimates are more negative because they are considering a high ( by 2025) minimum wage, that's really not the main part of the story. Their elasticity estimates (esp for adults) don't vary all that much between and MW, for ex. 11/.

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By the way, lest you think the CBO estimates are more negative because they are considering a high ($15 by 2025) minimum wage, that's really not the main part of the story. Their elasticity estimates (esp for adults) don't vary all that much between $12 and $15 MW, for ex. 11/.

Miles Kimball
Miles Kimball is Professor of Economics and Survey Research at the University of Michigan. Politically, Miles is an independent who grew up in an apolitical family. He holds many strong opinions—open to revision in response to cogent arguments—that do not line up neatly with either the Republican or Democratic Party.

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