13
Mar
2013
Great Posts on the Minimum Wage
It’s reassuring to see that if I ever decided to retire to the Caribbean permanently, my US-based free-market colleagues would carry forward the torch of liberty. Here are some great posts on the minimum wage:
==> Steve Landsburg
==> Bryan Caplan
==> Scott Sumner (though it’s on ObamaCare technically, but could be applied to minimum wages).
==> Mario Rizzo
Guest posts …
That’s how my mind originally read it, anyway.
It’s a natural inference.
(Wait for it …)
Caplan’s take on Card-Krueger is interesting. Of course, empiricism is a faulty doctrine anyway, but still.
I mean, I just cannot honestly accept a “scientific method” that basically alternates between saying:
If A, then B
B is observed
Thus, A (affirming the consequent fallacy)
If A and B, then C
Not C
Thus, not A
Neither of these are logical statements, and they don’t become logical when you define the premises.
Since the scientific method doesn’t actually match either of your examples …