In case you folks are curious, the reason I’m focusing so much on DK’s position is that I think he is representative of a large fraction of self-described progressives. So I really want to push people on this, because I think this EPI study and Sen. Warren’s remarks are ludicrous (unless their point was to show that standard measures of “productivity growth” are horribly flawed). Here’s what I said to Daniel over at his blog:
Argh! Daniel, just settle this once and for all: Do you think there are at least 1000 workers in the United States who produce more than $20/hour for their employers, yet they are only earning minimum wage?
(A) If you *do* think that, then I would like to hear your thoughts on how the labor market can be so screwed up. Then, I want you to pitch me a business plan for how we can hire these 1000 (at least) people at $10/hour, and still make $10,000 in pure profit per hour.
(B) If you *don’t* think that, then why aren’t you denouncing this EPI study as, at best, terribly misleading and dangerous to low-skilled workers?