I had another dream, I had another life
Nathaniel recently argued that minimum wage hikes were dumb, largely due to the policy harming those it intends to help. New research (2012 working paper version here) examines turnover rates in relation to minimum wage increases. The researchers find that when the minimum wage is higher, all low educated workers face jobs that are more … Read more
One of the perennial conflicts between left and right in the United States is over minimum wage. The left insists that it’s a crime (at least morally) for companies to pay their employees less than a living wage and lauds companies that have business models based on paying workers well (or “fairly”, as those on … Read more
President Obama made a surprise call to increase the national minimum wage to $9 per hour. Is that actually a good idea? Becker and Posner took the issue on directly. Becker writes in a measured, but skeptical tone: The two main issues debated are the effects of a higher minimum on employment of the low … Read more
Nathaniel’s review is finally ready!