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44

TL:DR - The graph isn't comparing the same measurements of unemployment, disregards the preference of one of its sources, and as far as I can tell peak unemployment during the Great Depression was roughly double what it was during the "Great Recession". Let me start off with other sources before I delve into the specific works cited in your graphic. As-is, ...


20

The answer to this question is "we're not sure yet." The "old minimum wage research" shows that there is a negative impact, but more recent research - e.g. Card and Kreuger (1993) and Dube, Lester, and Reich (2010) - show that there is no significant effect. There have been attempts at reconciliation the literature on the subject, but, to the best of my ...


16

The canonical source of unemployment numbers in the United States is the Bureau of Labor Statistics, which says that the unemployment rate for women is currently 4.0%. It may be worth noting that in October 2017, the unemployment rate for women was 3.9%. However, that was also during the Donald Trump administration. To see unemployment rates over time, ...


12

While I could not find any polls of economists verifying whether they considered the theory that the amount of labor is fixed to actually be a fallacy, I was able to find the Survey of Americans and Economists on the Economy which randomly surveyed 1,510 members of the American population and 250 people with PhDs in economics, back in 1996. The survey does ...


10

I could not find any evidence that this ever happened as you described it, and Snopes concurs. In fact, mass employee layoffs without advanced warning is (under almost all circumstances) illegal in the United States. "Advanced warning" just means that the entire workforce needs to be warned that a mass layoff is going to happen at least 60 days before the ...


7

This appears to be somewhat true. Death rates increase when you lose your job, but 40,000 people per year is an order of magnitude higher than my estimate. This Quora question answers an identical question and concludes that a 1% increase in unemployment results in about 1,500 excess deaths per year in America. My answer follows the same logic as the Quora ...


5

It may refer to the following "The portion of Americans working and looking for work fell in March to 63.3% from 63.5%, lowest since 1979" Since "a portion of" is not the same as "the number of", the claim is not true, but may be based on a related true claim.


2

I'm not sure the British have such a big problem with unskilled migrants as they like to think. This report highlights the trends in the UK low-skilled job market from the 80s/90s to 2013: Migrants in low-skilled work Migration Advisory Committee Full Report July 2014 It seems to suggest that migration patterns are consistent across the skill spectrum and ...


1

Why Does the Minimum Wage Have No Discernible Effect on Employment? is a paper published Feb 13. From the executive summary - The report reviews evidence on eleven possible adjustments to minimum-wage increases that may help to explain why the measured employment effects are so consistently small. The strongest evidence suggests that the most ...


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