Jason Furman on the Minimum Wage
Dr. Furman makes a basic mistake in the following thread about the minimum wage. See if you can spot the error. Continue Reading →
Tag Archives: minimum wage
New Minimum Wage Research
States that increased the minimum wage by more than $1 per hour had lower job growth than those who raised the minimum wage by less than $1. Continue Reading →
Seattle Raises Minimum Wage, Moves Closer to Food Desert
Seattle Raises Minimum Wage, Moves Closer to Food Desert. QFC will close 2 stores in the city. Fewer jobs, less food diversity, food desert. Continue Reading →
L.A. labor leaders seek minimum wage exemption for firms with union workers
His idea represents the very worst kind of rent seeking behavior. He is essentially proposing to sell out groups of workers in exchange for more union members — and, of course, more union dues. Continue Reading →
The Minimum Wage Kills Twelve More Jobs
I invite all those who claim increasing the minimum wage has no impact to visit Life Challenge of Michigan and tell them what you think. The organization is faith-based, so you will probably be treated cordially. But at least have the courage of your convictions. Tell these folks that you’re glad the higher minimum wage put one of their programs out of business. Continue Reading →
Hypocrisy at the New York Times
So when will the Times editors come clean and admit that they are being hypocritical about the minimum wage? I’m not holding my breath and you probably shouldn’t either. Continue Reading →
Who Really Gets the Minimum Wage
Every reputable economist who has studied the minimum wage has concluded it is a bad way to fight poverty. Far better is the earned income tax credit. However, that program will also not affect people living in households where no one works. Perhaps restoring the Clinton-era “welfare to work” programs would be helpful. Continue Reading →
Intellectual Dishonesty at the New York Times
After their previous February 9 editorial on the same subject I sent the editors a long e-mail citing the Neumark, Salas, and Wascher paper and pointing out that this paper refutes both of the studies — including the one cited above. Continue Reading →
Want to Know Why the U.S. Economy is a Wreck? Watch This Video
Gene Sperling is the chief White House economic adviser. I’ve long suspected that people who go to work in Washington, D.C., are required to have half their brains removed when they cross the beltway. This pretty much confirms that hypothesis. Continue Reading →
The Minimum Wage Yet Again
David Neumark, J.M. Ian Salas, and William Wascher (NSW) used the same data that both ADR and DLR used. Their paper “Revisiting the Minimum Wage − Employment Debate: Throwing Out the Baby With the Bathwater?” (January, 2013. National Bureau of Economic Research Working Paper 18681). In fact, the title is too kind. ADR and DLR have apparently thrown out the baby and kept (and published) the bathwater. Continue Reading →