What is the optimal minimum wage? Don't go below 38% of mean wage. don't go above 50% if you care about employment. do 58% if you care about aggregate welfare. Regional MWs mitigate the employment-equity trade-off. #EconTwitter https://t.co/9q7F1C6fWl pic.twitter.com/tHvVLiNgMD

— Gabriel M Ahlfeldt (@Ahlfeldt) December 17, 2021