With a binding minimum wage of w the marginal cost to the firm becomes the horizontal black MC ‘ line, and the firm maximises profits at A with a higher employment L . However in this example the minimum wage is higher than the competitive one, leading to involuntary unemployment equal to the segment AB. (Photo credit: Wikipedia)
The mainstream view on social mobility, and they speak with a british accent
The validity of price controls in a given market is not an empirical question
Empiricism the other direction
Krugman can’t make up his mind which way the empiricism points
On good and bad arguments for the minimum wage
A thought expiriment for minimum wage proponents
Everybody got to be populist to buy the votes
Demand curves do slope downward
A conservatives case for the minimum wage, Immigrants suck
More conservatives myrmidons for increasing the minimum wage
Forget a minimum wage how about a guaranteed basic income?
Obama was against raising the minimum wage before he was for it
No wage is cool but not anything between zero and the legal minimum
Let’s give the New York Times the last word
What if you don’t care and you just want to browbeat your opponents?
EDIT: I forgot one, look towards the end.
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