Minimum Wage - Isn't That a Quantity of Interest?

Advocates for the striking down of Roe by the Supreme Court say this will improve our politics by allowing people’s preferences to be better represented at the State level. But do State and local governments accurately match the preferences of their citizens when responding to their demands? It’s a difficult question to answer, but one paper by NYU political scientist Julia Payson and co-author Gabor Simonovits at Central European University, “Locally controlled minimum wages are no closer to public preferences” provides a possible answer by way of locally set minimum wages. When local governments increase their minimum wages, do they accurately match local preferences? The answer is surprising, and has implications for policies beyond just minimum wage.