David Card recently won the Nobel Prize in economics for his contributions to the study of labor markets and natural experiments. Some minimum wage proponents confuse these excellent contributions with a particular application of his contributions to a study he conducted of a hike in New Jersey’s minimum wage. We discuss the flaws in that oft-cited study, and the distinction between his contributions and the study.
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Quick Hitshttps://nymag.com/intelligencer/2021/11/buffalo-election-2021-results-india-walton-defeated.html
https://thehill.com/homenews/campaign/580322-democrats-brace-for-flood-of-retirements-after-virginia-rout
https://www.usatoday.com/story/news/politics/2021/11/07/biden-approval-falls-38-midterms-loom-usa-today-suffolk-poll/6320098001/
Foolishness of the Weekhttps://abcnews4.com/news/nation-world/annual-microsoft-ignite-conference-entices-criticism-over-woke-introductions
https://freebeacon.com/culture/microsoft-encourages-employees-to-state-race-gender-during-presentations/
https://www.fox5ny.com/news/one-of-worlds-largest-investment-firms-will-need-permission-to-hire-white-men
Topic of the Week
https://davidcard.berkeley.edu/papers/njmin-aer.pdf
https://www.econlib.org/no-krueger-didnt-prove-that-raising-the-minimum-wage-doesnt-increase-unemployment/
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