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

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Content provided by Tom Woods and Bob Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Woods and Bob Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

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225 episodes

Artwork
iconShare
 
Manage episode 230350818 series 89869
Content provided by Tom Woods and Bob Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tom Woods and Bob Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

225 episodes

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