I see you're clearly not a fan of Card and Krueger. But it's deeper than that. I'm happy to vote away minimum wage if (and it's a big if) there's something we

I see you're clearly not a fan of Card and Krueger. But it's deeper than that. I'm happy to vote away minimum wage if (and it's a big if) there's something we replace it with that continues to serve society. what would you like? basic income? some complicated tax credit scheme? I think minimum wage workers in general aren't good at negotiation, and as such they're paid below the actual floor of supply and demand. they're not capable of extracting fair compensation the value they provide. The other possible effect is humans aren't regular market objects. They make a little more money, their life is stable, they do better work. One example might be falling recidivism rates when compared to minimum wage. [1] crime is expensive. probably not as expensive as bumping minimum wage a dollar, but has the effect of making everyone a little safer. But again. you enjoy your papers, i'm just here for the points. [1] http://newsstand.clemson.edu/mediarelations/minimum-wage-can-affect-criminal-recidivism-clemson-study-says/ http://newsstand.clemson.edu/mediarelations/minimum-wage-can...