Casey Mulligan on the Impact of the Federal Minimum Wage Increase

by Reihan Salam

Casey Mulligan has tried to identify which workers if any were impacted by the increase in the federal minimum wage. His tentative conclusion is sobering:

For the time being, at least, it seems that increasing the federal minimum wage again would give a few workers a small raise — but at the cost of eliminating entire paychecks for the young, less educated and least skilled.

I imagine that there have been and will be other analyses of the July 2009 increase, which I’m eager to see.

The Agenda

NRO’s domestic-policy blog, by Reihan Salam.