The myopic empiricism of the minimum wage

posted by
March 12, 2013
by Bryan Caplan  
Posted in Commentary

"From the standpoint of public policy, the minimum wage is a symbol of the view that 'feel-good' policies are viable solutions to social ills: 'Workers aren't paid enough? Pass a law so employers have to pay them more. Problem solved.' From the standpoint of social science, the minimum wage is a symbol of the myopic view that you can become an expert on X by reading nothing but the leading research that explicitly addresses X: 'Does the minimum wage reduce employment? Read the top papers on the minimum wage. Problem solved.'" (03/12/13)  


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