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https://www.bendbulletin.com/business/6503418-151/study-minimum-wage-increases-in-6-cities-working:
The minimum wage increases that started four years ago in Seattle are spreading across the country, but economists continue to study — and disagree about — the impact.
The latest look at increased wage floors in six U.S. cities, including Seattle, finds that food-service workers saw increases in pay and no widespread job losses. That reinforces the conclusions the same group of University of California, Berkeley, researchers reached in 2017 after studying just in Seattle.
This time, the Berkeley researchers examined Seattle; San Francisco; Oakland, California; San Jose, California; Chicago; and Washington, D.C., where minimum wages at the end of 2016 ranged from $10 to $13.
"We find that they are working just as the policymakers and voters who enacted these policies intended," said Sylvia Allegretto, co-author of the report and co-chair of Berkeley's Center on Wage and Employment Dynamics. "So far they are raising the earnings of low-wage workers without causing significant employment losses."
abstract https://www.nber.org/papers/w25043
(Score: 2) by deimtee on Friday September 28 2018, @02:37PM (1 child)
I don't think we seriously disagree here.
Your example is almost what I meant by local. A mix of known personally and web-of-trust. Eventually people like the uncle will form the nucleus that becomes a reputation company.
These will of necessity stay small and local. Almost 'tribal' you could say. I am not going to bother subscribing to a service 500 kms away. -----------
On the other hand, there is the drive to expand. Reputation companies will rate each other, have 'roaming agreements' for travelers and have an incentive to build their own higher level web of trust. It is really hard to guess which drive will dominate.
If you cough while drinking cheap red wine it really cleans out your sinuses.
(Score: 2) by VLM on Friday September 28 2018, @07:21PM
Interesting analogy to what I think you're trying to propose... General Contractor.
I donno if I want a GC to merely buy a chezburger from the food store, but maybe we'll need them regardless if we want them. The story of the economy is loving and leaving middlemen. Our economy on a long enough scale is a shitty TV sitcom about a divorced 40-something loud woman constantly falling in love with and breaking up with middle-men in countless no-commit relationships. I'm not sure if that implies our TV is shitty or our economy is shitty. Or both, of course.
Another interesting analogy is tour guide, although the tour guide and the tourists would both be locals, although that sounds weird.