Nobel Prize in economics explodes minimum wage and jobs myth
The award of this year’s Nobel Prize in economics has further exploded a decades-old myth that increasing minimum wages costs jobs. The prize was awarded to David Card, Joshua Angrist and Guido Imbens for real-world research in the 1990s that demonstrated, empirically, that the idea touted by conservative economists that higher minimum wages mean fewer jobs is not based on fact. ITUC General Secretary Sharan Burrow said: “These Nobel Prize
