One more thought about the minimum wage

Michael Mandel

Just one more follow-up to my discussion with Robin Hanson about whether there is a consensus among economists about the minimum wage.

Yesterday Greg Mankiw wrote a note about a new survey of economists by Robert Whaples. According to Mankiw, Whaples finds that

One issue that fails to generate consensus is the minimum wage: 37.7 percent want it increased, while 46.8 percent want it eliminated.