January 7, 2014

GLENN LOURY EXPLAINS why he’s not jumping on the “raise the minimum wage” bandwagon. “The idea that my antipoverty strategy is to force employers to pay a wage higher than what they estimate the worth of workers’ services to be worth . . . that just strikes me as an intellectually impoverished response to the problem of people being in need. And to make an ideological totem out of it, to say if you’re on the right side of history you’re for this thing, feels coercive to me.”