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<br /> <br />The Effects of a $15 Minimum Wage by 2019 in Santa Clara County and San Jose 17 <br /> <br />Moreover, this quasi-experimental econometric approach does not tell us whether employment <br />effects are the result of automation, or price increases, or other possible mechanisms. Instead, it <br />incorporates the results of all these mechanisms without identifying which are at work. <br />Since the quasi-experimental econometric approach is not appropriate for our study, we draw <br />here upon the other major empirical method used by economists—building and calibrating a <br />structural model. Thus, in order to better understand the impacts of a larger minimum wage <br />increase, we model how the minimum wage policy works its way through the San Jose and Santa <br />Clara County economy, examining workers, businesses, and consumers. We incorporate <br />outcomes from economists’ best research on labor markets, business practices, and consumer <br />spending to construct a structural, multi-iterative model to estimate the effects of the scenarios <br />for San Jose and Santa Clara County. <br />8.A. - Page 31