Where’s the Monopsony?
President Obama, Paul Krugman and Robert Reich have all been pushing for an increase in the minimum wage. I want to agree with them, and Krugman is certainly correct that the preponderance of empirical evidence shows that the minimum wage’s impact on total employment is negligible. But the question is, why? Krugman’s statement that human [...] View the full post at: Where’s the Monopsony? Related posts: Health Insurance is Not Just a Health Issue, It’s Also a Jobs Issue. Why? Are Workers Unwilling to Work? Competitiveness and Health Reform
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