During the George W. Bush administration, politics and ideology routinely trumped scientific knowledge in making environmental policy. Data were falsified, reports were edited selectively, and scientists were censored. The Obama administration has pledged to restore science to the policy making process. And yet, as the authors of Knowledge and Environmental Policy point out, the problems in con…
This is a comprehensive review of evidence on the effect of minimum wages on employment, skills, wage and income distributions, and longer-term labour market outcomes, and concludes that the minimum wage is not a good policy tool.Minimum wages exist in more than one hundred countries, both industrialized and developing. The United States passed a federal minimum wage law in 1938 and has increas…