Thursday, March 28, 2013

Don't Raise That Minimum Wage

Last month, Paul Krugman wrote in his New York Times column that President Obama's call to raise the minimum wage was a good one. Tomorrow, I will be presenting a lecture hosted by the Case Western Reserve University Young Americans for Liberty and Case College Republicans explaining the nature and consequences of the minimum wage. My view is somewhat different than Krugman's. (It turns out that Krugman himself is somewhat schizophrenic on the minimum wage. His economic view--as expressed in his economics textbook--is somewhat different than Krugman's political view expressed in the New York Times.)

In my lecture entitled "Don't Raise that Minimum Wage" I explain how the minimum wage makes it more costly to higher lower-skilled workers, increases unemployment, and harms the poorest amongst us. My lecture will be tomorrow at 6:30pm in Clark Hall Room 309 on the campus of Case Western Reserve University in Cleveland, Ohio.

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