well, this is an argument, but I don't think that david Card would like his views to be described this way.
Dean
Doug Henwood wrote:
>Alex quoted Dean Baker:
>
>>Those of us who believe that the minimum wage has relatively little
>>impact on employment, have a difficult time explaining how a large
>>increase in
>>labor supply will have little impact on wages.
>
>
>Curiously, the same economist, David Card, has done work arguing for
>both. His studies of the minimum wage - which in part compared
>jurisdictions that were demographically and economically similar
>except for the presence or absence of a minimum wage law (or just
>after a change in a minimum wage law) - found little or no effect on
>employment. And his study of the impact of the Mariel boatlift in
>the early 1980s on the Miami labor market found little effect on
>wages. You could say that it's Card's position that's consistent:
>the relation between the price of labor and its supply and or demand
>is more inelastic than we might guess.
>
>Doug