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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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