Is Katz's work on minimum wage controversial?
My work with David Card on the impact of the minimum wage on the fast-food industry in the early 1990s found little evidence of significant job losses, which was a departure from some prevailing economic theories at the time. This finding has generated considerable discussion and further research. It highlights that the real-world effects of such policies can be complex and depend on various local economic conditions and the magnitude of the wage increase.
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