Monday, December 04, 2006

I know I'd sure like a raise...

Atrios says:

"The real point is that if the minimum wage has small or negligible employment effects, and there is both theoretical and empirical support for this idea, then it's a pretty effective and inexpensive poverty reduction program. Obviously if poverty reduction programs for poor people interest you less than, say, poverty reduction programs for oil executives then you don't much care about that."

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