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Comments on: Minimum wage: International comparisons http://www.tvhe.co.nz/2014/08/20/minimum-wage-international-comparisons/ The Visible Hand in Economics Sun, 24 Aug 2014 08:06:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: ben http://www.tvhe.co.nz/2014/08/20/minimum-wage-international-comparisons/#comment-43522 Sun, 24 Aug 2014 08:06:00 +0000 http://www.tvhe.co.nz/?p=11734#comment-43522 This is a useful post, but I have to say it is extraordinary how frequently this blog delivers reminds readers that some things are just value judgments. Yep, got it, thanks. You’d lose nothing by focusing your efforts on the bit where economists can add value, which is through the application of positive frameworks to particular issues, and bringing evidence to bear.

]]> By: jamesz http://www.tvhe.co.nz/2014/08/20/minimum-wage-international-comparisons/#comment-43510 Wed, 20 Aug 2014 10:54:00 +0000 http://www.tvhe.co.nz/?p=11734#comment-43510 In reply to Seamus Hogan.

Just because we have to make a decision at a nation state-level doesn’t mean we can’t look to overseas experience, though. Benchmarking performance against others is a useful exercise. Okay, so there are differences between nations that make direct comparisons difficult, but it’s not exactly straightforward to just calculate an optimal minimum wage, either!

]]> By: Matt Nolan http://www.tvhe.co.nz/2014/08/20/minimum-wage-international-comparisons/#comment-43508 Wed, 20 Aug 2014 09:29:00 +0000 http://www.tvhe.co.nz/?p=11734#comment-43508 In reply to Seamus Hogan.

Agree 100%, cross-country comparisons are always fraught. But consistency in using them is at least something we could hope for 😉

]]> By: Seamus Hogan http://www.tvhe.co.nz/2014/08/20/minimum-wage-international-comparisons/#comment-43507 Tue, 19 Aug 2014 22:11:00 +0000 http://www.tvhe.co.nz/?p=11734#comment-43507 My view is that what other countries do is irrelevant to the question of what would be the optimal policy for us, and so would never use a graph like this to justify lowering the minimum wage. But I wonder what Russ Norman’s view is, given how he uses a similar league table graph to justify increasing the top marginal tax rate.

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