I forgot to mention that Bob is also going to be coming out with a post on the Mises Canada blog on the minimum wage... and they really need his thoughtful suspicions of the quasi-experimental literature!
Currently they have a post up on the minimum wage seeking out "the world-view behind minimum wage advocacy". I'll give you a hint... it starts with "M" and ends with "arxism"!!!!
Now I would be the last to argue that most supporters of the minimum wage ground their views in a thoughtful consideration of what theoretical and empirical economics has to say (although some do). But do we really have to reach for Marx to talk about this? I don't think they're supporting it because of Marxist theories of power and property either.
Hurry Bob! They need you!
Introduction to Algorithms, Lecture Three
2 hours ago