See
The Wages of Journalist Incompetence at Cafe Hayek. Here is the letter he wrote:
"Here’s a letter to the New York Times:
You label the prediction that raising the minimum wage
will destroy jobs for low-skilled workers “a party-line theory that most
economists agree has been discredited” (“The Campaign for a Bigger Paycheck,” Jan. 2). You are wrong.
If you consult your own publication you’ll discover that on March
4, 2013, Catherine Rampell reported that 34 percent of economists –
a plurality of those surveyed – agreed that raising the minimum wage to
$9 per hour “would make it noticeably harder for low-skilled workers
to find employment” (“What Economists Think About Raising the Minimum Wage“). Twenty-four percent of economists were uncertain, and 32 percent disagreed.
Thirty-two percent of economists is not “most economists.”
Further, the paper to
which you link in support of your conclusion (1) offers – contrary to
the impression conveyed by your editorial - no survey evidence of
economists’ opinions about the employment effects of the minimum wage,
and (2) reaches conclusions favorable to the minimum wage only by
dismissing the most careful contrary research* with the charge that it
is “considerably more subjective” than research favorable to the minimum
wage.
Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
* David Neumark and William L. Wascher, Minimum Wages (Cambridge: MIT Press, 2008)."
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