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Nobel Economic Prize for proving things Republicans HATE
Posted by: Steve G.
Date: October 11, 2021 10:37AM
Immigrants, minimum wage and education-horrifying Republican throwbacks through the years

3 US-based economists win Nobel for research on wages, jobs
[apnews.com]

STOCKHOLM (AP) — A U.S.-based economist won the Nobel prize in economics Monday for pioneering research that transformed widely held ideas about the labor force, showing how an increase in the minimum wage doesn’t hinder hiring and immigrants do not lower pay for native-born workers. Two others shared the award for creating a way to study these types of societal issues.

Canadian-born David Card of the University of California, Berkeley, was awarded half of the prize for his research on how the minimum wage, immigration and education affect the labor market.

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there are many other factors that may determine whether those who got an extra year of schooling are able to make more money. Perhaps they are harder workers or more diligent and would have made more money than those without the extra year even if they did not stay in school. These kinds of issues cause economists and other social science researchers to say “correlation doesn’t prove causation.”

Imbens and Angrist, however, figured out ways to isolate the effects of things like an extra year of school. Their methods enabled researchers to draw much clearer conclusions about cause and effect, even if they are unable to control who gets things like extra education, the way scientists in a lab can control their experiments.



Edited 2 time(s). Last edit at 10/11/2021 11:36AM by Steve G..
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Re: Nobel Economic Prize for proving things Republicans HATE
Posted by: S. Pupp
Date: October 11, 2021 12:42PM
I’m waiting to hear what the Lord and Master (Trump) has to say. After all, he’s also a Nobel Prize winner, and “smart. Real smart.”
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Re: Nobel Economic Prize for proving things Republicans HATE
Posted by: btfc
Date: October 11, 2021 01:00PM
Let’s get Mitchy!

He won’t like it, he hates everything!
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Re: Nobel Economic Prize for proving things Republicans HATE
Posted by: Speedy
Date: October 11, 2021 01:40PM
The Nobel Prizes haven’t meant anything since they gave one to that Kenyan Muslim usurper in the White House.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Nobel Economic Prize for proving things Republicans HATE
Posted by: GGD
Date: October 11, 2021 03:33PM
Quote
Steve G.
Canadian-born David Card of the University of California, Berkeley, was awarded half of the prize for his research on how the minimum wage, immigration and education affect the labor market.

I wonder if he'll only get half of a campus parking space.

[news.berkeley.edu]

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