Hmm I saw a different analysis recently indicating that there was a large reduction in fast food jobs in California after the raise to $20/hr. Which one is right?
The first studies that came out failed to adjust for seasonality.
“Here’s the problem with that figure: It’s derived from a government statistic that is not seasonally adjusted. That’s crucial when tracking jobs in seasonal industries, such as restaurants, because their business and consequently employment fluctuate in predictable patterns through the year. For this reason, economists vastly prefer seasonally adjusted figures when plotting out employment trend lines in those industries.”
Those tables seem a bit... odd? Are we led to believe that between January and February, no fast food restaurants closed? Not a single one? And same for July and August?
Also, a gold star for prominently featuring the totals cumulatively, oooo scary number go up! I did the needful:
