Keynesian politics and the minimum wage

posted by
March 3, 2011
by David Henderson  
Posted in Commentary

"The minimum wage sets a lower bound that, even in good times, prevents the least-productive workers from finding work. In recession times, it's even worse. Keynesians in the golden age of Keynesianism were quite critical of the minimum wage and were sympathetic to its victims." (03/02/11)  


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