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To: IbJensen

Krueger was a strong advocate of cap-and-tax and cash for clunkers. He also distorted survey data to show that an increase in the minimum wage increased employment. He’s not to be trusted, even with a broom and a cleaning rag.


2 posted on 08/30/2011 1:07:45 PM PDT by Parmenio
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To: Parmenio

“an increase in the minimum wage increased employment”

So they don’t teach supply and demand to economists anymore? No big surprise.

I once had a professor who came out and admitted minimum wage laws were a burden, but argued that it could force them to be more productive in other ways to make up the difference. Which I can’t argue with, since from adversity often comes progress. Except to say that the most efficient way to spur a horse is not to weigh him down.


5 posted on 08/30/2011 1:11:30 PM PDT by Tublecane
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