Wednesday 10 September 2014

Even from Paul Krugman, A Surprising Argument

"Interviewed on September 8th by Joe Weisenthal, Paul Krugman argues that the "adverse consequences" of raising the minimum wage - even to $15 per hour - "would be much less than people imagine."  Such an argument from Mr. Krugman isn't surprising.  What is surprising is his reasoning - in particular, his assertion that most minimum-wage workers are in jobs that are especially difficult to mechanize."

The dark ages of Hayek. Very strange economics?



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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth. ... more!