Among economists, the minimum wage is a contentious issue. The two sides of the debate fall largely along ideological lines, and both camps can point to arguments and studies that seem to support their position.*
For the past few years, the debate looked intractable.
But now, new minimum wage evidence out of Seattle is changing minds and is poised to resolve the question once and for all.
Continue reading New Empirical Evidence from Seattle Changes Minds in Economics
After getting laid off and being unemployed for five full months, Kwame Jackson was ready to hear some good news.*
It came this week, when he heard about a new study on the minimum wage prepared by a leading Ivy League-trained economist, Dr. Bertrand Hopkins. The study was consistent with the latest groundbreaking research on the subject, and added to a growing body of evidence that minimum wage increases are in fact good for workers–contrary to what the libertarian purists at the Heritage Foundation might have you believe.
Continue reading Newly Unemployed Man Relieved by Econ. Study Showing Min. Wage Hikes Are Good for Workers