Whether looking at Germany’s minimum wage hike or David Card’s classic 1992 study, still raising the minimum wage can be controversial.
We can wind up with misleading metrics when the number we use as a goal becomes the incentive that distorts output decisions.
Seemingly different, for the same reasons, we’ve had partial nuclear plant meltdowns, financial meltdowns, and a meltdown in Iowa during their caucus.
Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan and the British Isles are modern industrial societies. Both are north/south archipelagos located in…