| Link | Quote | Stars | Tags | Author |
| e9417ba | hat are the effects of increasing minimum wages?" asks Paul Krugman. "Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment." | Don Watkins | ||
| 2dbc61e | Consequently, even many critics of economic inequality are hesitant to endorse the claim that inequality undermines growth. Paul Krugman, for instance, says that he is "a skeptic on the inequality-is-bad-for-performance proposition--not hard line against it, but worried that the evidence for some popular stories is weaker than I'd like." | Don Watkins |