Law and Econ elements

[Brad De Long]

>
>For Max - and EPI folks
>The commentator was an economist from Cornell.  He was very critical of
>my having used EPI as a reputable source.  He said "It's controlled by
>labor"  but then proceeded to use the President's Economic report as an
>unbiased report of how well the economy is doing.  He also tried to
>convince me privately that the minimum wage had contributed nothing to
>people's economic well being and is sending some "proof" in the mail.

Send him back Nicole Fortin and Thomas Lemieux, "Institutional Changes and
Rising Wage Inequality: Is There a Linkage?" _Journal of Economic
Perspectives_ 11:2 (Spring 1997), pp. 75-96; and Peter Gottschalk,
"Inequality, Income Growth, and Mobility: The Basic Facts," _Journal of
Economic Perspectives_ 11:2 (Spring 1997), pp. 21-40...

Brad DeLong