I’m sure Ed Prescott is against the minimum wage, but this paper illustrates why I think free market types should worry less about this and more about other kinds of regulation (*cough* housing *cough*) that directly relate to the productivity frontier.
I’m sure Ed Prescott is against the minimum wage, but this paper illustrates why I think free market types should worry less about this and more about other kinds of regulation (*cough* housing *cough*) that directly relate to the productivity frontier.