Original sentence: Based on the employers' responses, the authors concluded that the increase in the minimum wage had no significant impact on employers' intentions to lay off employees.Card and Krueger asked employers whether they intended to lay off workers in response to the increased minimum wage.Classical economic would have concluded that relative employment should have decreased in New Jersey.Noteworthy is that these results do not refute the theory underlying the prediction that a minimum wage reduces employment.On the other hand, an assessment of data collected and analyzed by David Neumark and William Wascher did not initially contradict the Card/Krueger results, but in a later edited version they found that the same general sample set did increase unemployment.Rather, the results suggest that the effect predicted by the theory may, in some instances, be small enough as to be statistically zero.Subsequent attempts to verify the claims requested payroll cards from employers to verify employment, and found that the minimum wage increases were followed by decreases in employment.The laws of demand and supply predict that an increase in the minimum wage will reduce employment
Edited sentence: As the price of the good (labour) increases, the quantity demanded decreases.Classical economic would have concluded that relative employment should have decreased in New Jersey, but what the result actually show was that there was no significant impact and if anything a positive relationship.However in 1980 a showcase of 4 new papers gave evidence of a positive relationship between wages and employment.On the other hand, an assessment of data collected and analyzed by David Neumark and William Wascher, economists who are usually critical of minimum-wage increases, did not initially contradict the Card/Krueger results, but in a later edited version they found that the same general sample set did increase unemployment.Prior to 1980, the widely believed theory was that an increase in minimum wage would reduce employment.Subsequent attempts to verify the claims requested payroll cards from employers to verify employment, and ostensibly found that the minimum wage increases were followed by decreases in employment.This idea comes from the neoclassical synthesis of demand and supply.This research was headed by Card & Krueger who conducted the most important piece of research on 'Burger Flippers', which is considered to be the ultimate Minimum Wage Job