Higher pay doesn't always mean fewer jobs.

Photographer: Viktor Chlad/isifa/Lidove noviny/Getty Images

Alan Krueger on Jobs and Minimum Wages

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week, our Masters in Business radio podcast features Princeton University economist Alan Krueger, former chairman of the U.S. Council of Economic Advisers. 

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.

Listen to the full podcast at Bloomberg, on Apple iTunes or SoundCloud. All of our earlier podcasts are now available on iTunes

Next week, we speak with Liz Ann Sonders, chief investment strategist of Charles Schwab & Co. 

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net

To contact the editor on this story:
James Greiff at jgreiff@bloomberg.net