, Columnist
Alan Krueger on Jobs and Minimum Wages
Princeton economist Alan Krueger did ground-breaking research on higher pay and jobs in the fast-food industry.
Higher pay doesn't always mean fewer jobs.
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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.