More praise for IQ2 US
“It's a real public service to have debates that bring top-tier participants together and add the sizzle of prize fight competition to a discussion of issues of first-order importance.”
- The Atlantic
Abolish the minimum wage
From the Panel
For: James Dorn
- Obama’s Minimum Wage Hike: A Case of Zombie Economics
James Dorn, Forbes.com, February 20, 2013The United States needs to abolish the minimum wage, not increase it. Workers who are willing to work at free-market wages should have the right to do so, and employers should have the right to hire them.
- James A. Dorn Discusses the Minimum Wage on CNBC’s Morning Call
Morning Call, January 8, 2007Watch the video here.
- Will the Increase Make a Difference?
James Dorn with Farai Chideya, NPR, July 24, 2007The minimum wage increase will leave small businesses feeling the pinch.
For: Russell Roberts
- The Empirical Literature on the Minimum Wage
Russ Roberts, Cafe Hayek, January 25, 2007There have been dozens of articles in the academic literature on the impact of the minimum wage on employment, particularly on the employment of low-skilled workers. Virtually every one of these articles finds that an increase in the minimum wage reduces employment.
- Imagining a World of Minimum Wages
Russ Roberts, Cafe Hayek, February 19, 2013When the government requires that wages be higher than what they would otherwise be, that creates an increase in the number of people who would like to work and reduces the number of opportunities available.
- Munger on Shortages, Prices, and Competition
Host Russ Roberts with Mike Munger, Econ Talk, October 19, 2009Mike Munger of Duke University talks with EconTalk host Russ Roberts about the limits of prices and markets, especially in the area of health. The discussion concludes with a discussion of how markets respond to price controls, particularly minimum wages.
Against: Jared Bernstein
- Minimum Wage Increase: $9 Is Log Linear
Jared Bernstein, On the Economy, February 17, 2013The system tends to offer up minimum wage increases that it can absorb without distortions.
- Raising the Minimum Wage: The Debate Begins…Again
Jared Bernstein, On the Economy, February 14, 2013Analysis of the historical record shows that increasing the minimum wage has its intended effect of raising the earnings of low-wage workers who need the raise without harming their employment prospects.
- The Minimum Wage: Time to Start Working on the Next Increase
Jared Bernstein, On the Economy, February 7, 2012I’ve always thought the national minimum wage is a lot more important than most people tend to think.
- Tax Credits or Minimum Wages? We Need Both
Jared Bernstein, ViewPoints, March 15, 2007Which helps low-income people the most–the minimum wage or the Earned Income Tax Credit? It’s a false choice. Together, these two programs balance the social cost of low-wage work between taxpayers and low-wage employers.
Against: Karen Kornbluh
- Families Valued
Karen Kornbluh, Democracy, Fall 2006Creating a twenty-first-century social insurance system for today’s “juggler families.”
- The International Mommy Tax
Karen Kornbluh, Atlantic, November 30, 2012Across developed nations, women with children earn significantly less than men compared with childless women—on average a 14-percent difference.
- Running Faster to Stay in Place
Jared Bernstein and Karen Kornbluh, New America Foundation, June 2005An examination of the number of hours worked by families and the link between wage growth and work hours in families of different incomes.
- Family Friendly for All Families
Ann O’Leary and Karen Kornbluh, October 16, 2009Our current laws and government programs are woefully out of date to help families cope with the rapidly changing economic and social realities of the 21st century.
ARTICLES FOR & AGAINST
- Why We Shouldn’t Raise the Minimum Wage
Kevin Hassett and Michael Strain, Los Angeles Times, March 10, 2013Raising the wage will make it more expensive to hire younger and low-skill workers. There are better ways to help the poor.
- The Myopic Empiricism of the Minimum Wage
Bryan Caplan, Library of Economics and Liberty, March 12, 2013From the standpoint of public policy, the minimum wage is a symbol of the view that "feel-good" policies are viable solutions to social ills.
- Minimum Wages
Linda Gorman, Concise Encyclopedia of Economics, Library of Economics and LibertyMost economists believe that minimum wage laws cause unnecessary hardship for the very people they are supposed to help.
- Why We Need to Raise the Minimum Wage
Andy Stern and Carl Camden, Los Angeles Times, March 10, 2013A higher wage will lift hardworking Americans out of poverty and break their link with government assistance.
- Higher Minimum Wage Is Imperfect Idea Whose Time Has Come
The Editors, Bloomberg View, February 24, 2013Both the minimum wage and the tax credit subsidize low-wage labor. The difference between the two is that the minimum wage puts the cost of the subsidy on employers, whereas the EITC puts it on taxpayers.
- Minimum Wage 101
Arindrajit Dube interview with Mike Konczal, The American Prospect, February 14, 2013Dube discusses the minimum wage as a policy mechanism.
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