Archive for Minimum wage
Spillover Bias in Contiguous County Approach
Daniel Kuehn has a very interesting new paper on possible spillover bias when using a “contiguous county” approach in economic analysis. For example, this is the approach in the influential Dube et al. (2010) minimum wage paper, which Paul Krugman for example singled out as epitomizing the new research that overturned the old view about […]
Read moreNew Fraser Study on Minimum Wage
My co-authors at Fraser and I have a new study on the minimum wage. You guys know I am a fount of modesty, but for real, if this topic interests you, I encourage you to read the study when you can. If you are truly interested in seeing some of the twists and turns in […]
Read moreMore Murphy Meandering (through) Minimum Wage Literature
At EconLib. Here’s something that might surprise you, but you need the background info that when Krugman told the NYT readers that there is “just no evidence” that minimum wage hikes reduce employment, he linked to a 2010 paper by Dube et al. So with that: If we are discussing proposals to increase the minimum […]
Read moreA Helpful Mnemonic in the Minimum Wage Debate
I am working on a paper for the Fraser Institute on the minimum wage debate. Both Krugman and Daniel Kuehn stressed the importance of picking a “treatment” versus a “control” group, in order to see that the minimum wage really doesn’t have much impact on employment (at least for modest hikes). Of course the pioneering […]
Read moreTom Woods and I Discuss Robert Reich
Here. We take apart his video calling for a $15/hour minimum wage.
Read moreCriticizing Robert Reich’s Video for a $15 Minimum Wage
At Mises CA. An excerpt: Reich then goes on to argue that if the minimum wage in 1968 had kept pace with the growth in the “average productivity” of American workers, then today it would be more than $21/hour. Although Reich doesn’t come right out and say it, he sure implies that the workers on […]
Read moreThe Robot Lobby Loves a Minimum Wage Hike
There is a clever page on Facebook purporting to represent Robots who are for a $15 minimum wage. Here’s one of their “posters”: This is fantastic. It alludes to the fact that labor unions and other groups support the minimum wage for personal gain, while cloaking that support with noble-sounding rhetoric. (Here’s a recent article […]
Read moreI Have Found a Nobel Economist Calling Krugman’s Walmart Article Crankish
[UPDATE below.] Remember in his recent Walmart piece that Krugman wrote: Conservatives — with the backing, I have to admit, of many economists — normally argue that the market for labor is like the market for anything else. The law of supply and demand, they say, determines the level of wages, and the invisible hand […]
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