Whether looking at Germany’s minimum wage hike or David Card’s classic 1992 study, still raising the minimum wage can be controversial.
We can wind up with misleading metrics when the number we use as a goal becomes the incentive that distorts output decisions.
Seemingly different, for the same reasons, we’ve had partial nuclear plant meltdowns, financial meltdowns, and a meltdown in Iowa during their caucus.
From the Wells Fargo scandal to the British National Health Service and Chilean bus drivers, sometimes incentives can have unintended consequences.
Using statistics to identify gender discrimination accurately, we should look at the components of summary results to avoid Simpson’s paradox.