Tuesday, June 27, 2006

Minimum wage: help or hindrance to those in need?

You often hear it suggested that a minimum wage is needed in the UAE to protect low wage ex pat workers.

The US Congress recently debated whether to increase the US minimum wage. This gave Greg Mankiw a chance to review the negative consequences of the minimum wage here, and here (where Mankiw invokes the words of Paul Krugman).

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