Ep. 182 Hooray for the Minimum Wage? How Economists Went Off Track

39:05
 
Share
 

Manage episode 230350818 series 89869
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

In paying his respects to the recently deceased Alan Krueger, author of the widely discussed 1994 Card-Krueger study on the minimum wage, Krugman praises him for changing the way economists think about that subject. According to Krugman/Krueger, the labor market is more complicated than we thought, and increases in the minimum wage appear to have little to no effects on employment. Here's our reply to all this. Show notes for Ep. 182

193 episodes available. A new episode about every 7 days averaging 40 mins duration .