Alan Krueger on Jobs and Minimum Wages
Krueger's specialty is labor markets and his research on the fast-food industry has shown that modest increases in the minimum wage don't necessarily reduce employment. During our talk, Krueger took pains to explain that the process of compiling, modeling and presenting data on the job market is performed by apolitical, nonpartisan staff statisticians at the Bureau of Labor Statistics, not political appointees who might have motives to manipulate the data.
Next week, we speak with Liz Ann Sonders, chief investment strategist of Charles Schwab & Co.
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