Tuesday, December 10, 2013

Greg Mankiw's Blog: The CEA Fact Checkers Miss One

Greg Mankiw's Blog: The CEA Fact Checkers Miss One: "'Some say it actually hurts low-wage workers -- businesses will be less likely to hire them. But there’s no solid evidence that a higher minimum wage costs jobs.'

From my perspective, the last sentence is just incorrect.  There is a lot of work by reputable economists that finds adverse employment effects of a higher minimum wage.  In a poll of top economists, as many say they believe that the adverse employment effect is noticeable as those that say the opposite."

'via Blog this'

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