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Econ%20104%20Syllabus--Pollin--Fall%20-page43 - “The...

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Factors to Consider Will all else be equal when minimum wage rises? Colander: “’’Other things’ never remain constant.” Fried Haddock Dinner efect Consumers ±requently don’t respond to small price changes Richard Freeman, Harvard Economist:
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Unformatted text preview: “The debate is over whether modest minimum wage increases have ‘no’ employment efect, modest posi?ve efects, or small nega?ve efects. It is not about whether or not there are large nega?ve efects.” 7...
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