Paul Krugman’s Laughable Argument that Wages Aren’t Determined by the Law of Supply and Demand

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Prolineserver/Wikimedia Commons)
Paul Krugman makes vain argument that the federal minimum wage should be raised because the law of supply and demand doesn't apply to labor wages.

The post Paul Krugman’s Laughable Argument that Wages Aren’t Determined by the Law of Supply and Demand appeared first on Jeremy R. Hammond.

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Published on March 03, 2015 05:00
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