Friday, July 09, 2004

Must Read For Anti-Minimum Wagers

In The Minimum Wage and the EITC, Brad DeLong quotes Steven Landsburg's article in Slate:
Now that we've re-evaluated the evidence with all this in mind, here's what most labor economists believe: The minimum wage kills very few jobs, and the jobs it kills were lousy jobs anyway. It is almost impossible to maintain the old argument that minimum wages are bad for minimum-wage workers. In fact, the minimum wage is very good for unskilled workers.
I get the strong impression from what he writes that somebody's been manipulating which minimum wage studies got published. Soon, maybe, the right will have to come up with a new lie to oppose the minimum wage. After all, they dassn't admit that they're cheap labor conservatives.