"We're looking for New York to be a model, to encourage other states to jump into the game, " said Anna Galland, executive director of liberal activist group MoveOn.org.
An expert in his market can make a snap judgment about whether or not to jump on what appears to be an opportunity by integrating new information into his or her model.
The modern Philips Curve model shows that pushing down unemployment results not merely in a corresponding one-time jump in inflation, but in spiraling, ever-increasing inflation, as consumers factor in the expectations of higher future prices.