Sandy Black
@econsandy.bsky.social
Professor of Economics at the University of Texas at Austin and Former Member of Obama's Council of Economic Advisers, animal-lover. Health Insurance is a human right. Poverty is a policy choice.
Reposted by Sandy Black
Hannah also finds a tradeoff between schedule unpredictability and wages: when the minimum wage is increased, scheduling unpredictability increases too.
Suggests another margin that firms are able to cut costs on when minimum wages increase.
(parallels with our work on workplace injuries).
Suggests another margin that firms are able to cut costs on when minimum wages increase.
(parallels with our work on workplace injuries).
November 25, 2025 at 5:03 PM
Hannah also finds a tradeoff between schedule unpredictability and wages: when the minimum wage is increased, scheduling unpredictability increases too.
Suggests another margin that firms are able to cut costs on when minimum wages increase.
(parallels with our work on workplace injuries).
Suggests another margin that firms are able to cut costs on when minimum wages increase.
(parallels with our work on workplace injuries).
Reposted by Sandy Black
2. Firms pass demand risk onto workers: Hannah shows that on bad-weather days (when fewer people come to buy things from these retail & hospitality businesses), there are more last-minute shift cancellations.
In most jobs, the firm bears the risk of demand shocks unless extreme (-> layoffs).
In most jobs, the firm bears the risk of demand shocks unless extreme (-> layoffs).
November 25, 2025 at 5:03 PM
2. Firms pass demand risk onto workers: Hannah shows that on bad-weather days (when fewer people come to buy things from these retail & hospitality businesses), there are more last-minute shift cancellations.
In most jobs, the firm bears the risk of demand shocks unless extreme (-> layoffs).
In most jobs, the firm bears the risk of demand shocks unless extreme (-> layoffs).