An opinionated and poignant article on the minimum wage is here.
As an economist I'm supposed to be against the minimum wage, but I'm not so sure anymore. I think models of the labor market are impoverished and conceal critical decisions that cannot be captured in a variable. For example, suppose I marry into a family and I have to hire my spouse's cousin? What about the power of bargaining that some laborers have?
I welcome your opinion.
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