Ignorant Economics Writer of the Week: Scott Neuman, NPR New - TopicsExpress

Ignorant Economics Writer of the Week: Scott Neuman, NPR New data released by the Department of Labor shows [sic] that raising the minimum wage in some states does not appear to have had a negative impact on job growth, contrary to what critics said would happen. Actually, critics have said that raising the minimum wage above the market equilibrium wage for the least skilled workers (those with marginal productivities below the legislated wage rate) causes a reduction in employment for these workers--ceteris paribus. Nothing in economic theory implies that raising the minimum wage rate must result in a reduction in total employment--not holding any variables constant. Check your endogeneity, Neuman!

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