Tuesday, June 07, 2011

Price Controls Lecture

Anthony Davies. Not sure about some of those graphs, as "proof" about min wage increasing unemployment. But a good video for a general audience.

1 comment:

Ten Mile Island said...

Lack of data points, even when correlated,tends to suggest randomness could still be present. I would offer Oregon rates of employment as a more interesting data set, since Oregon's minimum wage is one of the nation's highest, at $8.50. Note that Washington has a higher rate, but bows toward price as a motivator of resource utilization by discounting the wage floor for 14 and 15 year-olds.

Good video. Thank you.