Archive for the ‘Wages’ Category

Minimum Wage Increase: $9 is Log Linear

February 17th, 2013

Richard Freeman, the godfather of labor economics, once told me that one reason minimum wage increases don’t have the job loss effects their opponents predict is because the political process disallows increases that would be large enough to trigger such effects.  I think that’s right and one way to quantify it is to look at… Read more

Raising the Minimum Wage: The Debate Begins…Again

February 14th, 2013

If you, like me, are a veteran of this minimum wage scrum that’s getting underway, you’ve likely heard the arguments before.  But for you newbees out there–or vets who need an update—here ‘tis: Claim: Instead of helping low-wage workers, an increase in the minimum wage will cause them to lose their jobs. Certainly that’s the prediction… Read more