tag:blogger.com,1999:blog-7169279.post108925230716528285..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Raise Minimum Wage?Dr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7169279.post-1089992540761117522004-07-16T09:42:00.000-06:002004-07-16T09:42:00.000-06:00The ideas in the comments since my last comment al...The ideas in the comments since my last comment all seem pretty good.<br /><br />Here's something that I'm learning from the blogosphere. There has been a lot of talk about the relevent empirical results and it is best summarized in the post entitled "<A HREF="http://www.blogger.com/r?http%3A%2F%2Fwww.rasmusen.org%2Fx%2Farchives%2F000028.html">The Effect of the Minimum Wage</A>" at the <A HREF="Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1089397922952812812004-07-09T12:32:00.000-06:002004-07-09T12:32:00.000-06:00With respect to Kid's comment, it isn't clear that...With respect to Kid's comment, it isn't clear that raising the minimum wage is inflationary. As discussed in Chapter 13, there are two theories of the sources of inflation, and only one of them would attribute general inflation to increases in something like the minimum wage.<br /><br />Also ... I know we discussed hyperinflation in class the day you posted this ... and even though it is fresh inDr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1089337791860572642004-07-08T19:49:00.000-06:002004-07-08T19:49:00.000-06:00Sorry about not posting a link for this topic. If...Sorry about not posting a link for this topic. If you want to read more about Kerry's proposal, here is a link to his website:<br /><br />http://www.johnkerry.com/pressroom/releases/pr_2004_0618.htmlderekhttps://www.blogger.com/profile/10453445271019987547noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1089315568574148772004-07-08T13:39:00.000-06:002004-07-08T13:39:00.000-06:00This is an issue that has both microeconomic and m...This is an issue that has both microeconomic and macroeconomic aspects. <br /><br />Focusing on the latter, the idea that raising the minimum wage would be inflationary is part of the institutional theory of inflation discussed in Chapter 13 of the Colander text.<br /><br />I also liked the comparison of the (nominal) minimum wage to prices of other goods - this is exactly the adjustment we Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1089315310767366252004-07-08T13:35:00.000-06:002004-07-08T13:35:00.000-06:00This is a good start for the new class, but I woul...This is a good start for the new class, but I would like to see at least one link in most posts. In this case, there must be something either on Kerry's website, or on a major news site about this proposal.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com