Minimum Wage Employment

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This case of ‘Minimum wages and employment’ is used to define a law for minimum standard wages to labor whom work on fast-food restaurants. On April, 1992 New Jersey's minimum wage had increased from $4.25 to $5.05 per hour that had raised the questions to the industry of the food restaurants where many authors have described their approach of wages and employment by following the quantitative research method. This research method assisted them to reach on the conclusion of various researchers statistical meta-analyses of the employment which affected through increased number of wages. Authors Selected “Quantitative Research Method” Authors selected the quantitative research method for this case because it had found that there were many other predictions which had showed them different results and difficult to analyze which one is correct i.e. few restaurants were happy to pay higher wages even increased number of employment as well as wages, others had suffered to…show more content…
In 1995, Card and Krueger analyzed, fourteen earlier time-series studies on minimum wages and concluded that there was clear evidence of publication bias i.e. in favor of studies; they found, a statistically significant negative employment effect as the decreased number of employment by increased wages. However later on, they pointed out, with deep statistical analysis and found discrepancy in data and lower standard errors, which didn’t show the expected increment in t-statistic where almost all the authors studies had a t-statistic of about two i.e. level of statistical significance at the .05 level and finally had evaluated the impact of the law with consideration of 410 fast food restaurants in New Jersey and Pennsylvania before and after the rise in the minimum and found that there were increased number of unemployment for unskilled

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