Better ways to help workers than minimum-wage hikes
Easier zoning laws to raise rental housing supply are needed for a living wage in America
This year’s Nobel prize for Economics was awarded to David Card, Joshua Angrist and Guido Imbens for their natural experiments on a range of labour market issues. Card and Krueger’s startling conclusions about the impact of a rise in the minimum wage, comparing fast-food joints in New Jersey, where the state minimum wage was hiked from $4.25 to $5.05 in 1992, with a control group in adjoining Eastern Pennsylvania, where it was not hiked, has received wide attention since then.
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