Discussion about this post

User's avatar
Auros's avatar

I don't understand why nobody ever even tries to just say "every county's minimum wage will be set each January 1st to 50% or 60% of that county's most-recent median-wage, based on whatever numbers from BEA or the Census seem most reliable."

Expand full comment
Kevin Heller's avatar

Thanks for this. I'm very interested in whether or not min wage laws are good. I'm glad that you went into regional differences because a national min generally seemed like a bad idea to me and I would wonder if it could be tied to regional wage levels. But even with the monopsony scenario, is the assumption that if an employer has market power then they WILL be artificially keeping wages low and can afford more? I'm not trying to say that I think employers are good and will always want to pay fair wages but it seems like the argument perhaps assumes that employers will be unfair.

Also, how would you compare min wage laws to letting the market wages go but then using more gov't assistance like EITC, UBI, or something else.

Thanks again!

Expand full comment
126 more comments...

No posts