Economist’s Wishing and Hoping Won’t Make a Minimum Wage Effectiv

http://economicrisis.com/economists-wishing-and-hoping-wont-make-a-minimum-wage-effective/444

Economist’s Wishing and Hoping Won’t Make a Minimum Wage Effective

Minimum human wages … The empirics of the minimum wage debate are complex, but it isn’t impossible to draw some conclusions. A recent Free exchange column attempted to do just that: America’s academics still do not agree on the employment effects. But both sides have honed their methods and, in some ways, the gap between them has shrunk. Messrs Card and Krueger moved on to other work, but Arindrajit Dube at the University of Massachusetts-Amherst and Michael Reich of the University of California at Berkeley have generalised the case-study approach, comparing restaurant employment across
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