Here some econ-related links I’ve been reading. Most of the material relates to the ongoing debate about the employment effects of a minimum wage raise
1. Interview with David Card , one of the co-authors of a study that argues that increases in the minimum wage don’t have the negative effect on employment or labor force participation that the simple supply/demand model would predict.
2. Greg Mankiw’s run-down of the minimum wage issue, discussing why there’s economic disagreement on its effects. Mankiw, who was one of Bush’s chief economic advisors, opposes the minimum wage, but attempts to explain to one of his students why 600 of his fellow economists recently signed a petition endorsing a minimum wage increase.
3. A video of a panel debate about the minimum wage at the American Enterprise Institute.