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April 21, 2006

Interesting take on minimum wage.

The Prof has an interesting write up on it. Could a higher minimum wage increase teen drop-out? I'm not a fan of the minimum wage, but this be easy to prove by looking at drop-out rates around increases in the minimum wage. Just not sure how large the effect would be.

Update: Link fixed. Duh!

Posted by Crusader at April 21, 2006 01:56 PM

Comments

hahahaha, I think you need to check the link, Crusader...

Posted by: Mr. Bingley at April 21, 2006 02:19 PM

Fixed. Whoops!

Posted by: Crusader at April 21, 2006 02:31 PM

Since the proponents of the minimum wage rightly talk about the impossiblity of supporting a family on it, why not make teenagers exempt from the minumum wage, or at least have a lower one for them? It makes no sense to me to base long range economic decisions on benefits to a largely transient workforce.

Posted by: John at April 21, 2006 03:16 PM