The Minimum Wage

09-09-2009 • arclein

The Card-Krueger work is essentially correct: the minimum wage at levels observed in the United States has had little or no effect on employment. At the minimum, the book has changed the burden of proof in debates over the minimum, from those who stressed the potential distributional benefits of the minimum to those who stress the potential employment losses."--Richard B. Freeman, Journal of Economic Perspectives

1 Comments in Response to The Minimum Wage

Comment by Morpheus

Entered on: 9/9/2009 12:46:58 PM

Being minimum wage is such a great thing the simple and oblious soulution is to make the minimum wage $100 per hour. This simple test will prove the conclusions of Card-Krueger to be false! I am sure the government or some organisation funded by the goverment was behind the opinions of the writers.

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