Bruce Hall takes issue with my post on Wisconsin’s employment growth, and writes (sarcastically):
Looks as if every state in the midwest is doing fine except Wisconsin.
Mebbe the unsarcastic interpretation is more correct. I let readers assess, based on these graphs.
An informal assessment of the impact of the minimum wage change suggests a large negative impact. Appearances can be deceiving. From a forthcoming working paper by me and Louis Johnston, a graph of the log ratio of MN employment in limited service eating establishments to Wisconsin (blue, left scale), and log ratio MN/WI minimum wage (red, right scale).
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Is it just me? I’ve tried 3 browsers and my iphone…
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That’s from a remarkable op-ed in The Hill by Corey Lewandowski. He also writes:
Today, we are pleased to present a guest contribution written by Enrique Martínez-García (Federal Reserve Bank of Dallas), based on his forthcoming article in Studies in Nonlinear Dynamics and Econometrics. The views expressed here are those solely of the author and do not reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers.
Figure 1: US private nonfarm payroll employment (dark blue), and Wisconsin (red), both in logs, normalized to 2017M01. Source: BLS, DWD, author’s calculations.
August total NFP and private NFP also revised downward.
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Today, we are pleased to present a guest contribution written by Vincent Grossmann-Wirth and Clément Marsilli (Banque de France) summarizing their chapter in the book International Macroeconomics in the wake of the Global Financial Crisis edited by L. Ferrara, I. Hernando and D. Marconi. The views expressed here are those solely of the authors and do not reflect those of their respective institutions.