tag:blogger.com,1999:blog-1740670447258719504.post8788526489259870149..comments2024-03-27T03:00:27.024-04:00Comments on Facts & other stubborn things: This is what I was saying about local prices and the minimum wageEvanhttp://www.blogger.com/profile/12259004160963531720noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1740670447258719504.post-37752685765769344352013-04-05T04:48:36.175-04:002013-04-05T04:48:36.175-04:00I would think that's what high costs do, right...I would think that's what high costs do, right? Seems kind of weird to make it a policy to get people out of a state they're living in.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-17367256073751711432013-04-05T04:44:34.175-04:002013-04-05T04:44:34.175-04:00+10+10John Snoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-77740632261827981522013-04-04T23:07:36.814-04:002013-04-04T23:07:36.814-04:00You can't separate the two. Without the langua...You can't separate the two. Without the language, the stats are just numbers.<br /><br />What we have are somebody's value judgements with numbers. <br /><br />Lies, damned lies, and statistics. Minnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-24625854673706710242013-04-04T15:11:06.070-04:002013-04-04T15:11:06.070-04:00Usually they take some kind of standard like a thi...Usually they take some kind of standard like a third of your income. If you re-scaled it some other way (two bed room apartment rent divided by the minimum wage) you ought to get exactly the same map.<br /><br />I think the phrasing is more at fault here than the statistics.Daniel Kuehnhttp://www.factsandotherstubbornthings.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-31818097773934819502013-04-04T15:06:59.780-04:002013-04-04T15:06:59.780-04:00What does "afford a two bedroom apartment&quo...What does "afford a two bedroom apartment" mean? <br /><br />It seems to me that if it costs more than 90 hours' wages per month, not per week, you can't afford it.<br /><br />I followed the links. I do not like this kind of meaningless statistics.Minnoreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-7791988017884393552013-04-04T15:04:01.001-04:002013-04-04T15:04:01.001-04:00Or maybe we should incentivizing migration out of ...Or maybe we should incentivizing migration out of high cost states.Jonathan Finegoldhttp://www.economicthought.net/blog/noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-2476597854530299382013-04-04T12:53:21.686-04:002013-04-04T12:53:21.686-04:00Those returns to urbanization? This is one of the...Those returns to urbanization? This is one of them and encourages it. Lordhttps://www.blogger.com/profile/06747994571555237739noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-60164270773516570112013-04-04T11:18:57.234-04:002013-04-04T11:18:57.234-04:00Your comment about state variation in costs could ...Your comment about state variation in costs could go even further into intra-state variation in costs as many of these states are themselves very diverse. Is the NY state number really driven by high housing costs in NYC? It clearly is. Is NY minimum wage too high for Binghamton, Rochester or Utica? Probably, and, therefore, causing unemployment there. Pemakinhttps://www.blogger.com/profile/06117163546028266427noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-67515436501801207922013-04-04T11:09:17.355-04:002013-04-04T11:09:17.355-04:00There is also interaction with bad building regula...There is also interaction with bad building regulations. In Silicon Valley, where I'm at right now, many cities don't allow building over a certain height and discourage the construction of apartment buildings (thank you NIMBYs). These sorts of regulations help property owners who bought before the regulation was implemented, and worse, are priced into the properties.James Catonhttps://www.blogger.com/profile/14807595180565488334noreply@blogger.comtag:blogger.com,1999:blog-1740670447258719504.post-87542295450315585202013-04-04T07:50:39.256-04:002013-04-04T07:50:39.256-04:00You imply that the causality goes from the low rea...You imply that the causality goes from the low real minimum wage (i.e. cost of living) to the institutionalization of nominal minimal wages, but it just might be the other way around: the imposition of state minimal wage may drive down the cost of the living. Dunno how it really is.Roman P.https://www.blogger.com/profile/17384153967221979673noreply@blogger.com